Minda Corporation Faces Continued Decline Amid Broader Auto Ancillary Sector Challenges

Minda Corporation, a midcap player in the auto ancillary industry, has experienced a notable decline of 5.9% on April 7, 2025. The stock opened significantly lower, with an initial drop of 11.09%, reaching an intraday low of Rs 460. This marks the fourth consecutive day of losses for Minda Corporation, accumulating a total decline of 9.82% over this period.
In terms of performance metrics, Minda Corporation has underperformed relative to the broader market, with a one-day decline of 5.73% compared to the Sensex's drop of 3.67%. Over the past week, the stock has decreased by 9.26%, while the Sensex fell by 6.22%. On a monthly basis, Minda Corporation's performance is down 5.97%, contrasting with the Sensex's decline of 2.33%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The auto ancillary sector as a whole has also faced challenges, with a decline of 6.15%. Despite these recent setbacks, Minda Corporation has shown resilience over the longer term, with a remarkable 125.24% increase over the past three years and an impressive 804.92% rise over the last five years.