Minda Corporation: Strong Auto Theme Meets Earnings Momentum

sits in the auto-component space, where the long-term opportunity is supported by rising vehicle content, premiumisation, electronics, safety systems and the gradual shift towards more technology-intensive vehicles. The company’s recent financial performance also shows a meaningful improvement in scale and profitability, with revenue growth accompanied by stronger operating performance. This gives the stock a reasonably constructive fundamental backdrop, although the key factor to monitor remains whether earnings growth can sustain the sharp re-rating already seen in the share price. Technically, the chart remains strongly bullish. The stock has moved from the ₹500–550 consolidation zone to around ₹728 and is trading close to its recent highs. The sequence of higher highs and higher lows remains intact, while the recent breakout from the long consolidation indicates strong underlying demand. The EPS markers on the chart show that earnings momentum has been uneven, with the latest decline warranting some caution despite the price strength. I would therefore maintain a positive bias but avoid chasing sharp rallies. The ₹700–680 zone becomes an important near-term support area, while a sustained move above ₹760 can open the way towards ₹800 and beyond. A decisive break below ₹680 would weaken the current bullish structure.