|
08 Jul 2025 |
Minda Corporation
|
Consensus Share Price Target
|
524.40 |
588.50 |
- |
12.22 |
buy
|
|
|
|
|
28 May 2025
|
Minda Corporation
|
Axis Direct
|
524.40
|
590.00
|
540.10
(-2.91%)
|
12.51 |
Hold
|
|
|
We recommend a HOLD rating (unchanged) on the company.
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|
07 Feb 2025
|
Minda Corporation
|
Axis Direct
|
524.40
|
600.00
|
576.95
(-9.11%)
|
14.42 |
Hold
|
|
|
We recommend a HOLD rating (unchanged) on the company
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|
16 Jan 2025
|
Minda Corporation
|
Axis Direct
|
524.40
|
600.00
|
590.80
(-11.24%)
|
14.42 |
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
|
524.40
|
535.00
|
476.55
(10.04%)
|
Target met |
Hold
|
|
|
We recommend a HOLD rating (earlier BUY) on the company
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|
09 Aug 2024
|
Minda Corporation
|
Axis Direct
|
524.40
|
575.00
|
510.60
(2.70%)
|
Target met |
Buy
|
|
|
We maintain a BUY rating on the company
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|
15 Jun 2024
|
Minda Corporation
|
Axis Direct
|
524.40
|
502.00
|
456.65
(14.84%)
|
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
|
|
23 May 2024
|
Minda Corporation
|
Axis Direct
|
524.40
|
475.00
|
414.80
(26.42%)
|
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
|
524.40
|
450.00
|
409.10
(28.18%)
|
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
|
524.40
|
375.00
|
341.70
(53.47%)
|
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
|
524.40
|
375.00
|
339.50
(54.46%)
|
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
|
524.40
|
382.00
|
333.00
(57.48%)
|
Target met |
Buy
|
|
|
|
|
09 Aug 2023
|
Minda Corporation
|
Ventura
|
524.40
|
418.00
|
298.10
(75.91%)
|
Target met |
Buy
|
|
|
Revving up dominance in the automobile industry
|
|
04 Aug 2023
|
Minda Corporation
|
Axis Direct
|
524.40
|
325.00
|
299.55
(75.06%)
|
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).
|
|
22 May 2023
|
Minda Corporation
|
Axis Direct
|
524.40
|
310.00
|
279.30
(87.76%)
|
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.
|
|
22 May 2023
|
Minda Corporation
|
ICICI Direct
|
524.40
|
300.00
|
279.30
(87.76%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
ICICI Direct
|
524.40
|
230.00
|
196.35
(167.07%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
Axis Direct
|
524.40
|
230.00
|
196.35
(167.07%)
|
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.
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|
10 Feb 2023
|
Minda Corporation
|
Axis Direct
|
524.40
|
230.00
|
204.40
(156.56%)
|
Target met |
Buy
|
|
|
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.
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|
22 Sep 2022
|
Minda Corporation
|
ICICI Direct
|
524.40
|
270.00
|
205.05
(155.74%)
|
Target met |
Buy
|
|
|
|
|
09 Sep 2022
|
Minda Corporation
|
Axis Direct
|
524.40
|
270.00
|
228.35
(129.65%)
|
Target met |
Buy
|
|
|
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.
|