Tulsian told CNBC-TV18, "I have a price target of Rs 322 on Minda Industries. This is a leading auto ancillary company, they make switches for 2 and three wheelers and off road vehicles as well as they are making batteries, CNG and LPG kits, and horns for the auto industry."
He further added, "The company is likely to post an EPS of Rs 20. We have all been talking the way the auto sector has been reviving but not much of the auto ancillary stocks have really participated in this rally. In the client profile infact you name any other company, four or two wheeler, LCV or Tractor maker, all are on the client list of this company."
"In next 3-4 months one could see a price of Rs 400 because they will keep ramping up their top and bottom line atleast by 25% in the coming year. So with positive call on the stock, our target for the day is Rs 322 but we are quite bullish on the stock for the next 3-4 months as well."
