Minda Corp (MCL) (CMP: Rs70.6, Mcap: Rs 1,585 crore), like any other auto ancillary company, has been facing challenges due to Covid-led disruptions. This was evident in the last-quarter numbers wherein topline and operating profitability saw a sharp decline. However, factors such as strong recovery in auto segments, opportunities arising out of BS VI emission norms, strong order book and reasonable valuation (11 times FY22 projected earnings) make it a long-term buy. Outlook Industry outlook More than 60 percent of MCL’s revenue...
Moneycontrol Pro Panorama | GST: A simple, reliable tax still a distant dream?
May 20, 2022 / 04:41 PM IST
In today’s edition of Moneycontrol Pro Panorama: A peek into Strategy Lab, ITC makes it to Weekly Tactical, wide canvas for Nazara, shock proof your portfolio and moreRead Now
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