Emkay has initiated coverage on Minda Corporation with a buy rating and a target price of ₹600 per share, implying a potential upside of about 13.1% from the current market price of ₹530.50.
The brokerage described Minda Corp as having a “spark” for structural outperformance, supported by management’s vision, higher investments in research and development, and strong market acumen. Emkay believes these factors will continue to drive the company’s strong performance going forward.
Disclaimer: The views and investment recommendations expressed are those of Emkay. These do not represent the views of this publication and should not be considered as investment advice. Investors are advised to consult their financial advisors before making any investment decisions.
