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Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 27168.13 Crore) operating in Auto Ancillaries sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 4531.59.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 13.34 per cent and 15.31 per cent, respectively.

Stocks that were in focus included names like Jamna Auto Industries which rose nearly 3 per cent to hit a fresh 52-week high, Biocon which fell nearly 2 per cent to hit a 52-week low, and Reliance Industrial Infrastructure which rose over 13 per cent.

“The auto space is looking very good, particularly from the perspective that costs are coming off. We are seeing commodities crashing down and yes there is going to be a huge benefit on their EBITDA going forward. So, I remain very bullish on Mahindra & Mahindra, Maruti and TVS from here.”

“ Once we take a medium term outlook, the whole FMCG sector and also the consumer durable sector – the whole consumer space and even auto look good. So the durable, non-durables and automobile offer a good medium term investment opportunity. The reasons for that are one, the overall commodity price correction that has happened both in the metals as well as the agri commodities. ”

Among the losers, Solana plunged about 8 per cent, while Polkadot tumbled more than 6 per cent. Ethereum and BNB dropped 5 per cent each, and Bitcoin was also in the red.

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said the Fed chief Jerome Powell made a hawkish statement overnight suggesting the central bank was determined to control inflation and that a "soft landing is possible but extremely challenging".

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 29170.53 Crore) operating in Gas & Petroleum sector.

“As and when the recession or data which is pointing towards recession in the key economy like Europe or US comes out, there will be pressure on the oil prices and that will be very good news for us because that will reduce the FII selling pressure, the inflationary pressure and can lead to double digit returns in the Nifty. We have a target of about 18,700 on the Nifty for the next one year.”