Nomura has reiterated a ‘Buy’ rating on Uno Minda Ltd, with a target price of ₹1,242, implying a 26.7% upside from the current market price of ₹980.00 (as of latest close).
The brokerage noted that Q4 FY25 results were ahead of consensus estimates, supported by strong execution across segments. It highlighted that the company’s ongoing investments are well-aligned to tap the high-growth potential in emerging areas such as EVs, premiumisation, ADAS sensors, controllers, and CNG kits.
Nomura believes growth visibility remains robust, positioning Uno Minda as a key beneficiary of automotive industry tailwinds, including rising demand for smarter, safer, and cleaner vehicles. It added that the stock, currently trading at 37.1x FY27F EPS, remains attractively valued considering the long-term opportunity.
The brokerage expects Uno Minda to sustain its growth momentum, led by a diversified portfolio and deep OEM relationships.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making any investment decisions.
