India, March 10 -- A small-cap stock engaged in manufacturing automotive components and EV solutions is in focus after announcing a joint venture with a UK-based firm. The partnership will expand the company's EV product range by adding advanced motor controllers, axial flux motors, and thermal management systems for the rapidly growing electric vehicle market.

With a market cap of about Rs 12,200 Cr, Minda Corporation Ltd saw its stock hit an intraday high of Rs 521, which is 5 percent higher than the previous close of Rs 497. The company stock has given a compounded return of 34 percent in the last three years.

News Spark Minda Green Mobility Systems, a wholly owned subsidiary of Minda Corporation, has signed a joint venture agreement...