MINDACORP - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | MINDACORP | Market Cap | 13,861 Cr. | Current Price | 580 ₹ | High / Low | 644 ₹ |
| Stock P/E | 76.8 | Book Value | 87.2 ₹ | Dividend Yield | 0.24 % | ROCE | 11.8 % |
| ROE | 11.2 % | Face Value | 2.00 ₹ | DMA 50 | 571 ₹ | DMA 200 | 551 ₹ |
| Chg in FII Hold | 0.37 % | Chg in DII Hold | -0.09 % | PAT Qtr | 47.0 Cr. | PAT Prev Qtr | 41.8 Cr. |
| RSI | 55.6 | MACD | -5.28 | Volume | 2,57,198 | Avg Vol 1Wk | 1,76,826 |
| Low price | 445 ₹ | High price | 644 ₹ | PEG Ratio | 9.22 | Debt to equity | 0.75 |
| 52w Index | 67.6 % | Qtr Profit Var | -25.0 % | EPS | 7.55 ₹ | Industry PE | 29.0 |
📊 Analysis: Minda Corp is trading at 580 ₹, above both its 50 DMA (571 ₹) and 200 DMA (551 ₹), showing medium-term strength. RSI at 55.6 indicates neutral-to-positive momentum, while MACD (-5.28) reflects mild bearish sentiment. Intraday volume (2.57 lakh) is higher than the weekly average (1.76 lakh), suggesting strong participation. Fundamentals are mixed—EPS at 7.55 ₹ and PAT growth support the stock, but high P/E (76.8 vs industry 29.0), expensive PEG ratio (9.22), and moderate ROE/ROCE limit valuation comfort.
💰 Optimal Buy Price (Intraday): 575–582 ₹ (near support zone).
📈 Profit-Taking Levels: 590 ₹ (first resistance), 600 ₹ (secondary resistance).
⚠️ Stop-Loss / Loss Protection: 568 ₹ (below intraday support).
⏱️ If Already Holding: Exit if price fails to sustain above 590 ₹ with volume confirmation or if RSI dips below 54 intraday. Hold for extended gains only if momentum sustains above 600 ₹ with strong volume recovery.
Positive
- 📈 EPS at 7.55 ₹ supports earnings base.
- 📊 PAT growth (47 Cr. vs 41.8 Cr.) shows sequential improvement.
- 📉 FII holdings increased (+0.37%).
- 📈 Trading above both 50 DMA and 200 DMA.
Limitation
- ⚠️ High P/E (76.8) vs industry average (29.0).
- 📉 PEG ratio at 9.22 suggests expensive growth valuation.
- 📊 MACD (-5.28) indicates mild bearish momentum.
- 📉 Debt-to-equity at 0.75, moderate leverage.
Company Negative News
- 📉 DII holdings decreased (-0.09%).
- ⚠️ Quarterly profit variation (-25.0%) shows declining momentum.
Company Positive News
- 📈 Sequential PAT growth supports investor sentiment.
- 📊 FII accumulation (+0.37%) adds stability.
Industry
- 🏭 Auto ancillary sector PE at 29.0, Minda trades at a steep premium (76.8).
- 📈 Sector supported by rising demand in auto components and EV adoption.
Conclusion
⚖️ Minda Corp is a moderate intraday candidate. Buy near 575–582 ₹ with stop-loss at 568 ₹. Profit booking can be considered at 590–600 ₹. Momentum indicators suggest caution, as MACD remains mildly bearish despite strong volume. Traders should rely on volume confirmation before holding beyond 600 ₹.
Would you like me to also prepare a peer benchmarking overlay comparing Minda Corp with Bharat Forge, Endurance Tech, and Sundram Fasteners to highlight relative intraday strength in the auto ancillary sector?