NSE: MINDACORP | BSE: 538962

Expensive Performer

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504.00 -5.75 (-1.13%)

26.79% Gain from 52W Low

161.7K NSE+BSE Volume

NSE 29 Apr, 2025 3:31 PM (IST)

12,049.6

Market Cap

High in industry

1.2

Beta 1Year

Very High Volatility

Minda Corporation Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MINDACORP, BSE:538962 Minda Corporation Ltd.

Minda Corporation Ltd.

22 May 2023

504.00

-1.13%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Recommendation: We maintain a positive view of the company as it will be a key beneficiary of product premiumization, EV growth, and increased business from CV/PV OEMs.

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

22 May 2023

504.00

-1.13%

Minda Corporation

Hold: Minda Corporation Ltd.

Target

ICICI Direct

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

21 Feb 2023

504.00

-1.13%

Company Update:Minda Corp

Buy: Minda Corporation Ltd.

Axis Direct

We continue to value the stock at 16x FY25 EPS. Our unchanged TP of 230 implies an upside of 13.5% from the CMP.

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

21 Feb 2023

504.00

-1.13%

Minda Corporation

Hold: Minda Corporation Ltd.

Recommendation Target

ICICI Direct

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

14 Feb 2023

504.00

-1.13%

Delivered better than industry growth and continues to improve margin profile

Buy: Minda Corporation Ltd.

Recommendation

KRChoksey

MCL's revenue increased by 45% YoY during the quarter, owing to outperformance in comparison to the industry. Revenue growth was fueled by strong domestic demand, an increase in wallet share with key customers, and new OEM launches. In Q3FY23, the company witnessed strong demand in PV segment with new launches, and robust festive demand, which led to higher production.

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

10 Feb 2023

504.00

-1.13%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

We maintain a moderately positive view on the company as it will be a key beneficiary to product premiumization, EV growth, increased business from CV/PV OEMs but have a cautious outlook on the 2W domestic market and overall export market in the next few quarters.

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

22 Sep 2022

504.00

-1.13%

Minda Corporation

Buy: Minda Corporation Ltd.

Target

ICICI Direct

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

09 Sep 2022

504.00

-1.13%

Analyst Meet Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock and value the company at 18x FY24E EPS to arrive at a TP of Rs 270/share (unchanged), implying an upside of 16% from the CMP.

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

09 Aug 2022

504.00

-1.13%

Continued to be ahead of industry growth

Accumulate: Minda Corporation Ltd.

Target

KRChoksey

Revenue reported at INR 10,102Mn (including Minda Instruments Ltd-MIL) with 6.6% qoq / 80.8% yoy growth driven by revenue visibility in both ‘Mechatronics & aftermarket’ and ‘Information & connected system’ business segments with increase in
business share from existing customers and rise in content per vehicle.