KR Choksey is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 461 in its research report dated February 10, 2017.
KR Choksey's research report on Minda Industries
At the current market price of INR 381, the stock is trading at 14.5x FY17E EPS of INR 26.6, 11.7x on FY18 EPS of 32.8. We recommend “BUY” rating on the stock and value the stock at 12x FY19E EPS of INR 38.4 with a target price of INR 461 indicating 20.9% upside from CMP.
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