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Buy Minda Corporation; target of Rs 160: ICICI Direct

ICICI Direct is bullish on Minda Corporation recommended buy rating on the stock with a target price of Rs 160 in its research report dated September 15, 2021.

September 15, 2021 / 10:49 AM IST
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ICICI Direct's research report on Minda Corporation

Minda Corporation (MCL) primarily serves domestic auto OEMs across two main verticals – mechatronics & aftermarket (MCH – safety & security, diecasting, starter motors, etc.) and information & connected systems (ICS – mainly wiring harnesses).


We value the company at a revised target price of Rs 160 i.e. 20x P/E on FY23E EPS (earlier target price Rs 120).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Sep 15, 2021 10:49 am

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