NSE: MINDACORP | BSE: 538962

Expensive Performer

Download real time

516.35 2.30 (0.45%)

High vol. this week

NSE 03 Jun, 2025 3:09 PM (IST)

12,344.9

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.

24 May 2023

516.35

0.45%

Delivered better performance than industry and continue to improve margins

Buy: Minda Corporation Ltd.

Target

KRChoksey

During the quarter, MINDACORP’s revenue grew by 13.38% YoY, outperforming the industry’s revenue growth, primarily due to the addition of new customers and the launch of new products. Infrastructural spending and replacement demand have aided growth in the CV segment.

Minda Corporation Ltd. is trading above its 50 day SMA of 512.0

Minda Corporation Ltd.

22 May 2023

516.35

0.45%

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 627.00 from 2 brokers.

Minda Corporation Ltd.

22 May 2023

516.35

0.45%

Minda Corporation

Hold: Minda Corporation Ltd.

Target

ICICI Direct

Axis Direct decreased Hold price target of Minda Corporation Ltd. to 590.0 on 28 May, 2025.

Minda Corporation Ltd.

21 Feb 2023

516.35

0.45%

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 above its 50 day SMA of 512.0

Minda Corporation Ltd.

21 Feb 2023

516.35

0.45%

Minda Corporation

Hold: Minda Corporation Ltd.

Recommendation Target

ICICI Direct

Minda Corporation Ltd. has an average target of 627.00 from 2 brokers.

Minda Corporation Ltd.

14 Feb 2023

516.35

0.45%

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. average weekly volume is high.

Minda Corporation Ltd.

10 Feb 2023

516.35

0.45%

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 its 100 day SMA of 525.2

Minda Corporation Ltd.

22 Sep 2022

516.35

0.45%

Minda Corporation

Buy: Minda Corporation Ltd.

Target

ICICI Direct

Minda Corporation Ltd. is trading above its 50 day SMA of 512.0

Minda Corporation Ltd.

09 Sep 2022

516.35

0.45%

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.

Axis Direct decreased Hold price target of Minda Corporation Ltd. to 590.0 on 28 May, 2025.

Minda Corporation Ltd.

09 Aug 2022

516.35

0.45%

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.

Minda Corporation Ltd. has an average target of 627.00 from 2 brokers.

Is Minda Corporation Ltd. worth buying?

243 Votes:

Buy 83.13%

Sell 7.41%

Hold 9.47%

RESEARCH REPORTS

Hold SEE REPORTS >

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Buy SEE REPORTS >

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