|
18 Sep 2025 |
Minda Corporation
|
Consensus Share Price Target
|
533.05 |
571.50 |
- |
7.21 |
buy
|
|
|
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23 Aug 2025
|
Minda Corporation
|
Axis Direct
|
533.05
|
560.00
|
512.85
(3.94%)
|
5.06 |
Buy
|
|
|
We are implying an upside of 10% from the CMP, with a target price of Rs 560/share.
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|
20 Aug 2025
|
Minda Corporation
|
Deven Choksey
|
533.05
|
596.00
|
516.85
(3.13%)
|
11.81 |
Buy
|
|
|
We have revised our FY26E/FY27E EPS estimates by -20.9%/-13.2%, as we factor in higher interest costs for acquisitions facilitated through borrowings, elevated depreciation and lower other income in absence of large idle reserves.
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|
13 Aug 2025
|
Minda Corporation
|
Axis Direct
|
533.05
|
600.00
|
490.85
(8.60%)
|
12.56 |
Buy
|
|
|
We recommend a BUY rating (earlier HOLD) on the company.
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|
28 May 2025
|
Minda Corporation
|
Axis Direct
|
533.05
|
590.00
|
540.10
(-1.31%)
|
10.68 |
Hold
|
|
|
We recommend a HOLD rating (unchanged) on the company.
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|
07 Feb 2025
|
Minda Corporation
|
Axis Direct
|
533.05
|
600.00
|
576.95
(-7.61%)
|
12.56 |
Hold
|
|
|
We recommend a HOLD rating (unchanged) on the company
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|
16 Jan 2025
|
Minda Corporation
|
Axis Direct
|
533.05
|
600.00
|
590.80
(-9.77%)
|
12.56 |
Hold
|
|
|
We maintain our HOLD rating owing to a limited upside potential. However, we recommend a BUY on dips strategy for the stock.
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|
13 Nov 2024
|
Minda Corporation
|
Axis Direct
|
533.05
|
535.00
|
476.55
(11.86%)
|
Target met |
Hold
|
|
|
We recommend a HOLD rating (earlier BUY) on the company
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|
09 Aug 2024
|
Minda Corporation
|
Axis Direct
|
533.05
|
575.00
|
510.60
(4.40%)
|
Target met |
Buy
|
|
|
We maintain a BUY rating on the company
|
|
15 Jun 2024
|
Minda Corporation
|
Axis Direct
|
533.05
|
502.00
|
456.65
(16.73%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a target price of Rs 502/share, implying an upside of 10% from the CMP
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|
23 May 2024
|
Minda Corporation
|
Axis Direct
|
533.05
|
475.00
|
414.80
(28.51%)
|
Target met |
Buy
|
|
|
We maintain a positive view on the company as it will be a key beneficiary of product premiumization, EV growth, richer product mix on account of increased businesses from CV/PV OEMs and growth opportunities via organic and inorganic routes in the future.
|
|
05 Feb 2024
|
Minda Corporation
|
Axis Direct
|
533.05
|
450.00
|
409.10
(30.30%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain a positive view on the company as it will be the beneficiary of product premiumization, EV growth, increased business from CV/PV OEMs and growth opportunities via organic and inorganic routes in the future.
|
|
03 Nov 2023
|
Minda Corporation
|
Axis Direct
|
533.05
|
375.00
|
341.70
(56.00%)
|
Target met |
Buy
|
|
|
We value the stock at 20x Sep '25 EPS (roll forward from Jun'25 EPS) as it will be a key beneficiary of product premiumization, EV growth, increased business from CV/PV OEMs and growth opportunities via organic and inorganic routes in the future; We arrive at a TP of Rs 375/share i
|
|
14 Oct 2023
|
Minda Corporation
|
Axis Direct
|
533.05
|
375.00
|
339.50
(57.01%)
|
Target met |
Buy
|
|
|
We maintain a positive view on the company as it will be a beneficiary of product premiumization, EV growth, increased business from CV/PV OEMs and growth opportunities via organic and inorganic routes in the future (stake increase in Pricol which has over 40% market share
|
|
29 Sep 2023
|
Minda Corporation
|
SBI Securities
|
533.05
|
382.00
|
333.00
(60.08%)
|
Target met |
Buy
|
|
|
|
|
09 Aug 2023
|
Minda Corporation
|
Ventura
|
533.05
|
418.00
|
298.10
(78.82%)
|
Target met |
Buy
|
|
|
Revving up dominance in the automobile industry
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|
04 Aug 2023
|
Minda Corporation
|
Axis Direct
|
533.05
|
325.00
|
299.55
(77.95%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain a positive view on the company as it will be a beneficiary of product premiumization, EV growth, increased business from CV/PV OEMs and growth opportunities via organic and inorganic route in the future (stake increase in Pricol will be the key monitorable).
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|
22 May 2023
|
Minda Corporation
|
Axis Direct
|
533.05
|
310.00
|
279.30
(90.85%)
|
Target met |
Buy
|
|
|
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.
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|
22 May 2023
|
Minda Corporation
|
ICICI Direct
|
533.05
|
300.00
|
279.30
(90.85%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
ICICI Direct
|
533.05
|
230.00
|
196.35
(171.48%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
Axis Direct
|
533.05
|
230.00
|
196.35
(171.48%)
|
Target met |
Buy
|
|
|
We continue to value the stock at 16x FY25 EPS. Our unchanged TP of 230 implies an upside of 13.5% from the CMP.
|