The JV company will be a subsidiary of Uno Minda. The total capital expenditure to be incurred over the period of six years in the proposed JV company would be Rs. 110 crores.
ICICI Direct is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 575 in its research report dated July 07, 2022.
All sectors ended in the red on June 13 as equity benchmarks closed 2.6 percent lower amid a global selloff
KR Choksey is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 1180 in its research report dated May 26, 2022.
Emkay Global Financial is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 1135 in its research report dated May 25, 2022.
Anand Rathi is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 1106 in its research report dated May 24, 2022.
ICICI Direct is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 1050 in its research report dated May 25, 2022.
Varun Beverages is in strong bullish momentum where it is consolidating above its 20-DMA amid weakness in the overall market. It is likely to break out on the upside to resume its uptrend.
Emkay Global Financial is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 1135 in its research report dated April 27, 2022.
Over a period of five years, the production-linked incentive scheme for the automobile and auto components industry is estimated to lead to fresh investments of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore and create over 750,000 jobs.
Other firms on the list include Toyota Components, Delphi TVS, Hella India, Dana Group, Minda Industries, Tata Auto Components, and Bharat Forge, among others.
Capital expenditure will likely remain the focus of the hour given the government’s reluctance to blow the coffers to provide direct support to consumers, who have been hit hard by the vagaries of the pandemic.
Under the new policy, the Delhi government has also mandated that 50 percent of all new two-wheelers and 25 percent of all new cars be electric by March 2023.
ICICI Direct recommended hold rating on Minda Industries with a target price of Rs 1060 in its research report dated December 13, 2021.
Minda Industries also approved the expansion of its two-wheeler alloy wheel capacity by 2.0 million wheels per annum at its existing Supa Plant in Maharashtra.
ICICI Direct recommended hold rating on Minda Industries with a target price of Rs 940 in its research report dated November 12, 2021.
Net Sales are expected to increase by 25.3 percent Y-o-Y (up 14.6 percent Q-o-Q) to Rs 1,836 crore, according to ICICI Direct.
Emkay Global Financial is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 840 in its research report dated September 02, 2021.
ICICI Direct is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 835 in its research report dated August 17, 2021.