Bullish brokerage calls: Uno Minda up 7.5% on Nomura, CLSA price target hike, Hitachi Energy rises 2% as Jefferies says 'buy'

Bullish brokerage calls: Uno Minda up 7.5% on Nomura, CLSA price target hike, Hitachi Energy rises 2% as Jefferies says 'buy'

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26 Aug, 2025 12:21

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Shares of Uno Minda and Hitachi Energy India reacted positively on November 10 after bullish calls from brokerages.

Shares of automotive components maker Uno Minda rose 7.5% to Rs 1,323 apiece on Nomura, CLSA price target hike, upbeat results.

Uno Minda posted 24.1% YoY Q2 consolidated net profit rise on November 7.

Nomura reiterated its "buy" call on the stock and hiked price target to Rs 1,493 from Rs 1,430 after upbeat Q2 results.

Nomura sees capacity ramp-up in EV segment as positive factor given company's rising share in segment.

CLSA reiterated "outperform" rating on the stock and hiked price target to Rs 1,482 from Rs 1,472.

The global brokerage Believes GST cuts will boost demand for two-wheelers and passenger vehicles, improving Uno Minda's revenue outlook.

Uno Minda shares rose 17% in 2025 so far as against nearly 18% rise in auto index.

Hitachi Energy India shares rose 2% to Rs 21,285 apiece after global brokerage Jefferies started coverage with 'buy' rating.

Jefferies initiated coverage on Hitachi Energy India with "buy" rating and has set price target at Rs 25,000, reflecting a 21% upside on last close.

Last week, the company posted 13.6% on-year rise in orders in Q2 and PAT grew 405.6% on an annual basis.

Hitachi Energy India strategic shift to focus in product design, engineering, installation and commissioning provided comfort to margins, said Jefferies

Jefferies expects margin growth of 38%-40% over FY26-28, leaving more scope for stock's upside.

Nuvama hiked target price on Hitachi Energy India to Rs 26,600 from Rs 24,000 and retained "buy" rating.

Nuvama said the company's operating profit margins soared to 16.3%, well ahead of its Q4FY26 guidance on strong revenue growth.

The brokerage added that record order backlog to ensure multi-quarter visibility.

So far in 2025, the stock rose 47%.