September 26, 2018 / 4:38 AM / 21 days ago

CORRECTED-BUZZ-India's Minda Industries rises most in over 2 mths on wheel plant nod

(Corrects project outlay in paragraph three to 5 bln rupees from 50 bln rupees)

** Shares of automotive solutions supplier Minda Industries Ltd rise 8.40 pct to 372 rupees, their biggest daily pct gain since July 11

** Co approves setting up manufacturing plant for 2-wheeler alloy wheels in Maharashtra

** Project outlay of 5 billion rupees ($68.87 million) with production expected to start from November

** Over 336,000 shares changed hands vs 249,593 30-day avg

** Stock has forward PE of 25.89 vs sector avg of 22.50

** Stock down 17 pct so far this year as of last close ($1 = 72.6050 Indian rupees)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below