{"id":118963,"date":"2024-02-12T15:31:47","date_gmt":"2024-02-12T10:01:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118963"},"modified":"2024-02-12T15:33:51","modified_gmt":"2024-02-12T10:03:51","slug":"auto-ancillary-stock-jumps-up-to-3-after-signing-an-alliance-with-japanese-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-up-to-3-after-signing-an-alliance-with-japanese-company\/","title":{"rendered":"Auto Ancillary stock jumps up to 3% after signing an alliance\u00a0with Japanese company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-820710335\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Auto Ancillary stock engaged in the business of manufacturing and supplying automotive components to players like KTM, Triumph, TATA Motors and many more jumped 6 percent in the day\u2019s trade, upon receiving an order and signing a strategic alliance agreement with a Japanese company.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2916216485\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 9,546 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MINDACORP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Minda Corporation Limited<\/a><\/strong> were trading at Rs. 399.30, down 0.08 percent from its previous day\u2019s close price of Rs. 399.60.\u00a0<\/p><p>Minda Corporation Limited the flagship company of Spark Minda has entered into a strategic alliance with Global Japanese Player for the manufacturing of Smart Vehicle Access Systems.&nbsp;<\/p><p>It has been awarded an order for a leading 2W OEM in India to manufacture Smart Key Systems. The awarded products will be manufactured at Spark Minda&#8217;s state-of-the-art facility in Pune.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2988142867\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The partnership is in phase 1 which is for manufacturing and it underlines Spark Minda&#8217;s commitment to enabling unique and customized solutions backed by cutting-edge technology to enhance user experience and comfort.&nbsp;<\/p><p>With increasing customer expectations for product premiumization, this partnership will strengthen the company\u2019s leadership position as a future-ready organization in the area of vehicle access.&nbsp;<\/p><p>Minda Corporation Limited is engaged in the business of manufacturing and supplying automotive components like safety and security systems and their associated components for the automotive industry.&nbsp;<\/p><p>It has a strong customer base with well-known players like, Ashok Leyland, Bajaj Auto, Hero Moto Corp, KTM, Triumph, Tata Motors, and many more.&nbsp;<\/p><p>Its revenue breakdown as of 9M FY24 is, Wiring Harness 33 percent, Lockset 24 percent, Die Casting 15 percent, Instrument Clusters 15 percent, and others 13 percent.&nbsp;<\/p><p>Its revenue from operations grew by 44.50 percent from Rs. 2,976 Crores in FY22 to Rs. 4,300 Crores in FY23, accompanied by increasing profits of Rs. 192 Crores to Rs. 284 Crores.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-518702748\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-169184774\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Auto Ancillary stock engaged in the business of manufacturing and supplying automotive components to players like KTM, Triumph, TATA Motors and many more jumped 6 percent in the day\u2019s trade, upon receiving an order and signing a strategic alliance agreement with a Japanese company.\u00a0 With a market capitalization of Rs. 9,546 Crores, the shares of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9791,9790,948,936],"class_list":["post-118963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-minda-corporation-latest-news","tag-minda-corporation-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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