|
10 Sep 2025 |
Minda Corporation
|
Consensus Share Price Target
|
515.25 |
571.50 |
- |
10.92 |
buy
|
|
|
|
|
28 May 2025
|
Minda Corporation
|
Axis Direct
|
515.25
|
590.00
|
540.10
(-4.60%)
|
14.51 |
Hold
|
|
|
We recommend a HOLD rating (unchanged) on the company.
|
|
07 Feb 2025
|
Minda Corporation
|
Axis Direct
|
515.25
|
600.00
|
576.95
(-10.69%)
|
16.45 |
Hold
|
|
|
We recommend a HOLD rating (unchanged) on the company
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|
16 Jan 2025
|
Minda Corporation
|
Axis Direct
|
515.25
|
600.00
|
590.80
(-12.79%)
|
16.45 |
Hold
|
|
|
We maintain our HOLD rating owing to a limited upside potential. However, we recommend a BUY on dips strategy for the stock.
|
|
13 Nov 2024
|
Minda Corporation
|
Axis Direct
|
515.25
|
535.00
|
476.55
(8.12%)
|
Target met |
Hold
|
|
|
We recommend a HOLD rating (earlier BUY) on the company
|
|
09 Aug 2024
|
Minda Corporation
|
Axis Direct
|
515.25
|
575.00
|
510.60
(0.91%)
|
Target met |
Buy
|
|
|
We maintain a BUY rating on the company
|
|
15 Jun 2024
|
Minda Corporation
|
Axis Direct
|
515.25
|
502.00
|
456.65
(12.83%)
|
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
|
515.25
|
475.00
|
414.80
(24.22%)
|
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
|
515.25
|
450.00
|
409.10
(25.95%)
|
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
|
515.25
|
375.00
|
341.70
(50.79%)
|
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
|
515.25
|
375.00
|
339.50
(51.77%)
|
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
|
515.25
|
382.00
|
333.00
(54.73%)
|
Target met |
Buy
|
|
|
|
|
09 Aug 2023
|
Minda Corporation
|
Ventura
|
515.25
|
418.00
|
298.10
(72.84%)
|
Target met |
Buy
|
|
|
Revving up dominance in the automobile industry
|
|
04 Aug 2023
|
Minda Corporation
|
Axis Direct
|
515.25
|
325.00
|
299.55
(72.01%)
|
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
|
515.25
|
310.00
|
279.30
(84.48%)
|
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
|
515.25
|
300.00
|
279.30
(84.48%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
ICICI Direct
|
515.25
|
230.00
|
196.35
(162.41%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
Axis Direct
|
515.25
|
230.00
|
196.35
(162.41%)
|
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
|
515.25
|
230.00
|
204.40
(152.08%)
|
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
|
515.25
|
270.00
|
205.05
(151.28%)
|
Target met |
Buy
|
|
|
|
|
09 Sep 2022
|
Minda Corporation
|
Axis Direct
|
515.25
|
270.00
|
228.35
(125.64%)
|
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.
|