The domestic equity benchmarks traded with decent gains in early afternoon trade. The Nifty traded above the 23,200 level after hitting the day's low of 23,165.30 in morning trade. Metal shares extended gains for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, added 226.42 points or 0.30% to 76,727.19. The Nifty 50 index rose 47.05 points or 0.20% to 23,223.10. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 0.48% and the S&P BSE Small-Cap index rallied 0.69%. The market breadth was strong. On the BSE, 2,369 shares rose and 1,412 shares fell. A total of 140 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.14% to 15.29. The Nifty 30 January 2025 futures were trading at 23,275.75, at a premium of 52.65 points as compared with the spot at 23,223.10. The Nifty option chain for the 30 January 2025 expiry showed maximum Call OI of 54.3 lakh contracts at the 24,000 strike price. Maximum Put OI of 41.2 lakh contracts was seen at 23,000 strike price. Buzzing Index: The Nifty Metal index gained 0.80% to 8,333.25. The index rallied 4.80% in two consecutive trading sessions. Welspun Corp (up 4.27%), APL Apollo Tubes (up 2.91%), Hindustan Zinc (up 2.34%), NMDC (up 2.04%), Vedanta (up 1.95%), Steel Authority of India (up 1.06%), Ratnamani Metals & Tubes (up 0.85%), Adani Enterprises (up 0.78%), Jindal Steel & Power (up 0.46%) and JSW Steel (up 0.32%) advanced. On the other hand, National Aluminium Company (down 1.13%) and Jindal Stainless (down 0.44%), edged lower. Stocks in Spotlight: Minda Corporation jumped 4.47% after the company said that it has entered into a partnership agreement with Flash Electronics to create the fastest growing EV platform in the country. Allcargo Gati advanced 2.64% after the company's total volume, including surface and air express, stood at 113 kiloton (kt) in December 2024, up 7.62% from 105 kt in December 2023. Benares Hotels surged 10.88% after the company's net profit jumped 20% to Rs 13.56 crore in Q3 FY25 as against Rs 11.30 crore posted in Q3 FY24. Revenue from operations rose 15.7% year on year (YoY) to Rs 38.87 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Both companies have a diversified, yet synergized, product portfolio where Minda Corporation is into Automotive body electronics and Flash is in automotive Engine and Powertrain electronics. This partnership going forward will create a synergetic and wide portfolio for both partners, the company stated. Flash has been at the forefront in electricals and electronics for two and three-wheeler ICE specialising in ignition electricals and electronics. Being among the early entrants in the field of EV powertrain, Flash is among the market leaders for motor, motor controllers, vehicle control units, etc. Flash has developed innovative solutions for electric powertrain and would be soon launching the same for passenger cars and commercial vehicles. On the EV Side, MCL has developed products like battery chargers, DC-DC converters, power electronics products, battery telematics, etc. This move aligns with Minda Corporation's long-term business strategy aimed at expanding our presence in the auto components industry as a complete systems solution provider and capturing a greater share of the fast-growing automotive segment in India, the company further said. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. Powered by Capital Market - Live

Both companies have a diversified, yet synergized, product portfolio where Minda Corporation is into Automotive body electronics and Flash is in automotive Engine and Powertrain electronics. This partnership going forward will create a synergetic and wide portfolio for both partners,' the company stated. Flash has been at the forefront in electricals and electronics for two and three-wheeler ICE specialising in ignition electricals and electronics. Being among the early entrants in the field of EV powertrain, Flash is among the market leaders for motor, motor controllers, vehicle control units, etc. Flash has developed innovative solutions for electric powertrain, and would be soon launching the same for passenger cars and commercial vehicles. On the EV Side, MCL has developed products like battery chargers, DC-DC converters, power electronics products, battery telematics, etc. This move aligns with Minda Corporation's long-term business strategy aimed at expanding our presence in the auto components industry as a complete systems solution provider and capturing a greater share of the fast-growing automotive segment in India, the company further said. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. Powered by Capital Market - Live

Net profit of Minda Corporation rose 26.49% to Rs 74.34 crore in the quarter ended September 2024 as against Rs 58.77 crore during the previous quarter ended September 2023. Sales rose 7.87% to Rs 1290.01 crore in the quarter ended September 2024 as against Rs 1195.84 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1290.011195.84 8 OPM %11.3610.98 - PBDT147.15118.41 24 PBT95.9377.00 25 NP74.3458.77 26 Powered by Capital Market - Live

Minda Corporation will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

In an exchange filling, the company said that the board of directors has approved the proposal of raising of funds by way of further issuance of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or any of the permissible modes (in one or more tranches), for upto Rs 1,000 crore, subject to approval of the company's shareholders and receipt of applicable regulatory approvals. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. The company's consolidated net profit surged 42% to Rs 64.20 crore in Q1 FY25 as against 45.21 crore posted in Q1 FY24. Revenue from operations jumped 11% YoY to 1,192.39 crore for the quarter eneded 30 June 2024. Powered by Capital Market - Live

Minda Corporation will hold a meeting of the Board of Directors of the Company on 12 September 2024.Powered by Capital Market - Live

This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of electrical distribution systems (EDS),' the company stated. Under this agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU) and battery distribution units (BDU). The partnership would help Minda Corp to design, develop and manufacture advanced EDS solutions locally for the EV customers in India. This will also strengthen the vertical integration capabilities of the company's wiring harness division, reinforcing its position as a key player in the EV Supply chain ecosystem. Aakash Minda, Executive Director said, 'We are excited to partner with SANCO, a collaboration that marks a significant milestone in our pursuit to deliver comprehensive and customised Electrical Distribution System (EDS) solutions to the EV market. This partnership signifies our shared commitment to offer innovative & sustainable mobility solution for the growing Electric Vehicle industry. By offering new age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localization, delivering greater value for our customers.' Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. The company had reported 42% rise in consolidated net profit to Rs 64.20 crore on a 10.97% increase in sales to Rs 1,192.39 crore in Q1 FY25 as compared with Q1 FY24. The scrip rose 0.54% to currently trade at Rs 573.95 on the BSE. Powered by Capital Market - Live

Reliance Power Ltd, Power Mech Projects Ltd, Kirloskar Ferrous Industries Ltd and Polyplex Corporation Ltd are among the other losers in the BSE's 'A' group today, 27 August 2024.Minda Corporation Ltd tumbled 5.54% to Rs 597.15 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 48760 shares were traded on the counter so far as against the average daily volumes of 55600 shares in the past one month.Reliance Power Ltd crashed 4.98% to Rs 31.1. The stock was the second biggest loser in 'A' group.On the BSE, 19.05 lakh shares were traded on the counter so far as against the average daily volumes of 135.82 lakh shares in the past one month.Power Mech Projects Ltd lost 4.05% to Rs 6729. The stock was the third biggest loser in 'A' group.On the BSE, 11938 shares were traded on the counter so far as against the average daily volumes of 6660 shares in the past one month.Kirloskar Ferrous Industries Ltd plummeted 3.53% to Rs 670. The stock was the fourth biggest loser in 'A' group.On the BSE, 81160 shares were traded on the counter so far as against the average daily volumes of 78397 shares in the past one month.Polyplex Corporation Ltd slipped 3.35% to Rs 1262.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 16908 shares were traded on the counter so far as against the average daily volumes of 53769 shares in the past one month.Powered by Capital Market - Live

Vardhman Textiles Ltd, Tata Technologies Ltd, Railtel Corporation of India Ltd, Prism Johnson Ltd are among the other stocks to see a surge in volumes on NSE today, 23 August 2024.Minda Corporation Ltd recorded volume of 88.49 lakh shares by 14:14 IST on NSE, a 27.08 times surge over two-week average daily volume of 3.27 lakh shares. The stock gained 11.61% to Rs.600.50. Volumes stood at 5.08 lakh shares in the last session.Vardhman Textiles Ltd notched up volume of 37.83 lakh shares by 14:14 IST on NSE, a 18.52 fold spurt over two-week average daily volume of 2.04 lakh shares. The stock rose 4.66% to Rs.506.55. Volumes stood at 3.12 lakh shares in the last session.Tata Technologies Ltd saw volume of 137.62 lakh shares by 14:14 IST on NSE, a 7.45 fold spurt over two-week average daily volume of 18.46 lakh shares. The stock increased 2.63% to Rs.1,033.70. Volumes stood at 35.84 lakh shares in the last session.Railtel Corporation of India Ltd registered volume of 175.12 lakh shares by 14:14 IST on NSE, a 6.9 fold spurt over two-week average daily volume of 25.39 lakh shares. The stock rose 5.05% to Rs.495.50. Volumes stood at 13.48 lakh shares in the last session.Prism Johnson Ltd notched up volume of 23.44 lakh shares by 14:14 IST on NSE, a 6.65 fold spurt over two-week average daily volume of 3.53 lakh shares. The stock rose 3.33% to Rs.166.77. Volumes stood at 2.88 lakh shares in the last session.Powered by Capital Market - Live