Minda Corporation Gains 3.91%: 4 Key Factors Driving the Week’s Momentum

2 February: Technical Momentum Shifts Amid Sideways Trend

On 2 Feb 2026, Minda Corporation opened the week with a cautious technical stance. The stock closed at ₹563.75, up 0.32% from the previous close, while the Sensex declined 1.03% to 35,814.09. Despite the modest gain, technical indicators suggested a transition from a mildly bullish to a sideways trend. Weekly and monthly MACD readings were mildly bearish, and the RSI hovered in neutral territory, signalling indecision among investors.

The stock traded within a range of ₹545.40 to ₹578.40 in recent sessions, reflecting volatility but remaining closer to its 52-week high of ₹644.35. The sideways momentum was further supported by Bollinger Bands moving laterally and a lack of volume confirmation from On-Balance Volume (OBV) indicators. This environment suggested a consolidation phase amid sectoral uncertainties in the auto components industry.

4 February: Mildly Bullish Technical Signals Emerge

By 4 Feb, Minda Corporation’s technical momentum showed signs of improvement. The stock surged 2.86% to close at ₹579.85, outperforming the Sensex’s 2.63% gain that day. Daily moving averages turned bullish, with the price trading above key short-term averages, indicating renewed buying interest. However, weekly and monthly MACD and KST oscillators remained mildly bearish, reflecting a cautious medium-term outlook.

The stock’s trading range tightened between ₹569.15 and ₹591.90, inching closer to its 52-week high. Despite mixed signals from momentum indicators, the improved Mojo Grade from Sell to Hold and a MarketsMOJO score of 60.0 underscored a cautiously optimistic sentiment. The stock’s year-to-date return of 1.02% also outpaced the Sensex’s negative 1.74%, highlighting relative resilience.

5 February: Strong Q3 FY26 Results Reveal Revenue Growth and Margin Pressures

Minda Corporation reported its highest-ever quarterly net sales of ₹1,560.29 crores for Q3 FY2026, marking a significant uplift. Operating profit (PBDIT) reached ₹183.52 crores, with an operating margin of 11.76%, the best in recent history. Profit before tax (excluding other income) rose to ₹97.25 crores, and net profit after tax surged to ₹88.46 crores, translating to an EPS of ₹3.58.

Despite these strong top-line and profitability figures, the company faced a sharp 60.66% increase in interest expenses to ₹92.35 crores for the nine months ended December 2025. This rise in financial costs poses a challenge to net margins and will require prudent management going forward.

The stock responded positively to the results, gaining 2.25% to close at ₹594.65, with intraday highs touching ₹607.50. This price action brought it closer to its 52-week high of ₹644.35, reflecting renewed investor confidence amid operational improvements.

6 February: Positive Financial Trend Confirmed with Upgraded Mojo Score

On the final trading day of the week, Minda Corporation closed at ₹583.90, down 1.81% from the previous day but maintaining a weekly gain of 3.91%. The Sensex rose marginally by 0.10% to 36,730.20. The company’s financial trend score improved from 5 to 11 over the past three months, signalling a shift from flat to positive momentum.

The upgraded mojo score of 65.0 and a Hold rating reflect stabilisation in the stock’s outlook. Long-term returns remain impressive, with three-year gains of 186.03% and five-year returns of 518.14%, significantly outpacing the Sensex. However, short-term caution persists due to rising interest costs and mixed technical signals.

Daily Price Performance Compared to Sensex

Key Takeaways

Positive Signals: Minda Corporation’s weekly gain of 3.91% notably outperformed the Sensex’s 1.51%, supported by strong quarterly revenue growth and record operating margins. The upgrade in mojo score to 65.0 and the Hold rating reflect stabilising fundamentals and cautious optimism. Daily moving averages turning bullish and the stock’s proximity to its 52-week high indicate renewed buying interest.

Cautionary Notes: Despite operational improvements, rising interest expenses by over 60% pose a risk to net profitability. Mixed technical indicators, including mildly bearish MACD and KST on weekly and monthly charts, suggest momentum is not yet firmly established. Volume indicators remain inconclusive, underscoring the need for confirmation of sustained buying pressure.

Sector Context: The auto components sector’s cyclical challenges and supply chain issues continue to influence investor sentiment. Minda Corporation’s ability to deliver strong long-term returns amid these headwinds highlights its resilience, but short-term volatility remains a factor.

Conclusion

Minda Corporation Ltd’s performance in the week ending 6 February 2026 reflects a stock in transition, balancing strong fundamental results with mixed technical momentum. The company’s record quarterly sales and margin expansion underpin a positive financial trend, while the upgraded mojo score and Hold rating signal improved confidence. However, rising interest costs and cautious technical indicators advise prudence.

Investors should monitor volume trends and technical confirmations closely to gauge the sustainability of the current momentum. The stock’s long-term outperformance relative to the Sensex and sector peers remains a compelling feature, positioning Minda Corporation as a noteworthy player in the auto components space amid evolving market conditions.

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