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Minda Corporation Ltd, Lloyds Engineering Works Ltd Partly Paidup, Prince Pipes & Fittings Ltd and Varun Beverages Ltd are among the other losers in the BSE's 'A' group today, 19 June 2025.
Electronics Mart India Ltd tumbled 7.86% to Rs 147.1 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 13.52 lakh shares were traded on the counter so far as against the average daily volumes of 3.31 lakh shares in the past one month.
Minda Corporation Ltd lost 6.41% to Rs 504.75. The stock was the second biggest loser in 'A' group.On the BSE, 24356 shares were traded on the counter so far as against the average daily volumes of 18355 shares in the past one month.
Lloyds Engineering Works Ltd Partly Paidup crashed 5.13% to Rs 36.95. The stock was the third biggest loser in 'A' group.On the BSE, 5.77 lakh shares were traded on the counter so far as against the average daily volumes of 8.26 lakh shares in the past one month.
Prince Pipes & Fittings Ltd pared 4.64% to Rs 334.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 68729 shares were traded on the counter so far as against the average daily volumes of 82760 shares in the past one month.
Varun Beverages Ltd dropped 4.32% to Rs 449.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 7.07 lakh shares were traded on the counter so far as against the average daily volumes of 7.67 lakh shares in the past one month.
The partnership will provide end-to end solutions including design, development, manufacturing and marketing of Automotive Switches for two-wheelers, Passenger Cars and other automotive segment for the Indian market. Minda Corporation will have majority stake in the newly formed venture with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026–27.
This partnership is strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector and in line with the company synergistic product portfolio and localization of new products and technologies for the customers. Through this partnership, Toyodenso will bring new technologies and advanced engineering capabilities while Minda Corporation will contribute with its deep expertise in localised manufacturing, and robust supply chain ecosystem etc.
The partnership will provide end-to-end solutions including design, development, manufacturing and marketing of automotive switches for two-wheelers, passenger cars and other automotive segment for the Indian market.
Minda Corporation will have majority stake in the newly formed venture with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India.
This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2 nd half of FY 2026–27.
This partnership is strategically aligned to cater to the rising demand for advanced switches in the Indian automotive sector and in line with the company synergistic product portfolio and localization of new products and technologies for the customers.
Ashok Minda, chairman & group CEO, Minda Corporation, said: “We are very excited and privileged to partner with Toyodenso, a Global Japanese company with rich legacy of technological innovation.
This partnership marks a pivotal milestone in our journey to drive smart mobility solutions while fostering indigenous manufacturing by integrating globally recognized technologies into India’s automotive ecosystem.”
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 declined 26.46% to Rs 52.03 crore despite an 8.75% increase in revenue to Rs 1321.26 crore in Q4 FY25 as compared with Q4 FY24.
Dividend shall be paid on or before 20 September 2025.