Minda Corporation zooms on launching 17 protective head gear models in Indian retail market

Minda Corporation is currently trading at Rs. 230.00, up by 4.90 points or 2.18% from its previous closing of Rs. 225.10 on the BSE.

Minda Corporation
Minda Corporation

The scrip opened at Rs. 227.95 and has touched a high and low of Rs. 231.70 and Rs. 226.30 respectively. So far 18928 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 284.45 on 19-Apr-2022 and a 52 week low of Rs. 114.75 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 231.70 and Rs. 210.00 respectively. The current market cap of the company is Rs. 5511.98 crore.

The promoters holding in the company stood at 64.73%, while Institutions and Non-Institutions held 17.65% and 17.62% respectively.

Minda Corporation, the flagship company of the Spark Minda Group, has launched 17 protective head gear (Helmets) models with 145 variants in the Indian retail market.

The launch marks Spark Minda’s foray into the B2C space at a time when India is emerging as the largest and fastest growing helmet market globally. During the next few years, the company plans to add 200+ distributors and open exclusive Spark Minda branded outlets across the country, making the distribution network more robust.

The Protective Head Gear will be available across three customer segments- Economy (Knight series), Mid (Garrison series) and the Premium (Armored series) category.

Spark Minda also launched 1500 fiber parts (Plastic-molded, painted components for two-wheelers) to meet the growing demand of 2W riders across the country. Minda Corporation

This number is targeted to increase to 2400 in the next two years, representing the largest range of fiber parts available in the country.

Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM’s across the Globe.

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