Anand Rathi is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 491 in its research report dated November 09, 2018.
Anand Rathi's research report on Minda Industries
Its commencement of alloy wheels with expected higher utilisation, robust growth in airbags, reverse-parking-assistant systems and sensors & controllers would lead to higher earnings growth for Minda in the next two years. We upgrade the stock to a Buy, at a target price of `491.
Outlook
Accordingly, we expect earnings of `4.27bn, leading to an EPS of `16.36. We upgrade to a Buy, at a target price of `491 (30x FY20e EPS).
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read More
