|
13 Dec 2025 |
Minda Corporation
|
Consensus Share Price Target
|
584.95 |
651.80 |
- |
11.43 |
buy
|
|
|
|
|
09 Aug 2023
|
Minda Corporation
|
Ventura
|
584.95
|
418.00
|
298.10
(96.23%)
|
Target met |
Buy
|
|
|
Revving up dominance in the automobile industry
|
|
04 Aug 2023
|
Minda Corporation
|
Axis Direct
|
584.95
|
325.00
|
299.55
(95.28%)
|
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
|
ICICI Direct
|
584.95
|
300.00
|
279.30
(109.43%)
|
Target met |
Hold
|
|
|
|
|
22 May 2023
|
Minda Corporation
|
Axis Direct
|
584.95
|
310.00
|
279.30
(109.43%)
|
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.
|
|
21 Feb 2023
|
Minda Corporation
|
ICICI Direct
|
584.95
|
230.00
|
196.35
(197.91%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
Axis Direct
|
584.95
|
230.00
|
196.35
(197.91%)
|
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.
|
|
10 Feb 2023
|
Minda Corporation
|
Axis Direct
|
584.95
|
230.00
|
204.40
(186.18%)
|
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.
|
|
22 Sep 2022
|
Minda Corporation
|
ICICI Direct
|
584.95
|
270.00
|
205.05
(185.27%)
|
Target met |
Buy
|
|
|
|
|
09 Sep 2022
|
Minda Corporation
|
Axis Direct
|
584.95
|
270.00
|
228.35
(156.16%)
|
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.
|
|
18 May 2022
|
Minda Corporation
|
Axis Direct
|
584.95
|
245.00
|
211.50
(176.57%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock with a revised TP of Rs 245 (Rs 230 earlier), valuing the company at 18x FY24E EPS, implying an upside of 18% from CMP.
|