Minda Corp in limelight

Minda Corp is one of the largest suppliers of electronic & mechanical security system to two-wheelers, three- wheelers and off-road vehicles.

The stock is in the limelight today after Edelweiss put out a report saying that it will be a big beneficiary of the April 2020 Bharat Stage VI implementation. In the report, Edelweiss has said that its wiring harness opportunity could jump more than 2.5 times in the wake on this BSVI.

It has already received new orders for supply of BS VI compliant instrument clusters and EFI wiring to a 2W original equipment manufacturer (OEM) with peak annual value of Rs 25 crore and Rs 30 crore, respectively. It also received business from a Japanese manufacturer for the supplies of die casted parts for its fuel injection pump in accordance with BS VI requirements.

The stock price is reacting to this report today, with the price going up over 2% to Rs.140.15. Its 52-week high is at Rs.229.