{"id":48375,"date":"2022-06-15T11:40:00","date_gmt":"2022-06-15T06:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=48375"},"modified":"2022-06-15T11:35:09","modified_gmt":"2022-06-15T06:05:09","slug":"midcap-auto-stock-to-become-ex-bonus-and-ex-dividend-on-8th-july","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-auto-stock-to-become-ex-bonus-and-ex-dividend-on-8th-july\/","title":{"rendered":"MidCap Auto Stock to Become Ex-Bonus and Ex-Dividend on 8th July"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-169374019\"><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>Minda Industries, a mid-cap auto-ancillary company has announced 8th July as the record date for the bonus share issue and final dividend of the shares. Therefore, to be eligible for the same an investor will have to purchase the stock before the 7th of July. The board has recommended a 1:1 bonus share and a final dividend of \u20b9 1 per equity share on the face value of \u20b9 2 per equity share for the fiscal year ended 2021-22.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3075733978\"><!-- 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>The shares of the 6 decades old company were trading at \u20b9 869 as of 11:15 IST. For the quarter ended March 2022, it posted a 10.7% jump in the quarter-on-quarter (QoQ) revenue to \u20b9 2,415 crores. The consolidated profit after tax (PAT) surged 42.5% QoQ to touch \u20b9 144 crores, backed by increased other income and profit from associates.<\/p><p>However, EBITDA&nbsp; declined 9% on year on year basis, while margins decreased by 207 bps from 13.5% in Q4FY21. The company commented,&#8221; The rising input costs continue to have an impact on profitability and margin of the business, however, the margins have shown a visible improvement vis-\u00e0-vis last quarter, i.e. Q3FY22.&#8221;<\/p><p>The point of interest is that the company surfed the semi-conductor shortage and cost inflation tide well. It clocked a growth in revenue and profitability. The management stands confident that the future of the auto industry looks bright with favourable government policies and more new product launches planned by OEMs.<\/p><div class=\"trade-content_5\" id=\"trade-414276753\"><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>ICICI Securities has a positive opinion on the stock,&#8221; Minda Industries closed the year-end on a positive note with highest ever quarterly revenues and recovery of margin profile. Margin performance for the quarter came in as a surprise with gross margin expanding ~20 bps QoQ and substantial savings realised under other expenses which were down ~60 bps on QoQ basis. It is exceeding expectations in the seating &amp; alloy wheels business segments and is also gaining traction with EV OEMs for its existing as well as new product profile as well as penetrating well within existing EV OEMs.&#8221;&nbsp;<\/p><p>Multiple brokerages have optimistic views of the company. ICICI Direct has recommended a buy rating on the scrip with a target price of \u20b9 1,050 with an upside of 21%. Anand Rathi\u2019s one-year price prediction stands at \u20b9 1,106 resulting in an upside of 27%.\u00a0 Similarly, analysts at Axis Securities expect the stock to cross the \u20b9 1,100 mark or rise 26.5% in the same time period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Edited By &#8211; Vikalp Mishra<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/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-3190810353\"><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>Minda Industries, a mid-cap auto-ancillary company has announced 8th July as the record date for the bonus share issue and final dividend of the shares. Therefore, to be eligible for the same an investor will have to purchase the stock before the 7th of July. The board has recommended a 1:1 bonus share and a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"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":[990,4049,2917,3449,3913,3912,3153,3157,3158],"class_list":["post-48375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-auto-sector-news","tag-auto-stock-to-watch","tag-auto-stocks","tag-auto-stocks-to-buy","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MidCap Auto Stock to Become Ex-Bonus and Ex-Dividend on 8th July - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-auto-stock-to-become-ex-bonus-and-ex-dividend-on-8th-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MidCap Auto Stock to Become Ex-Bonus and Ex-Dividend on 8th July\" \/>\n<meta property=\"og:description\" content=\"Minda Industries, a mid-cap auto-ancillary company has announced 8th July as the record date for the bonus share issue and final dividend of the shares. 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