Goldman Sachs has maintained its buy rating on Uno Minda, setting a target price of ₹1,350, which implies a potential upside of 37% from the current market price (CMP) of ₹984.40. The brokerage is optimistic about Uno Minda’s growth prospects, with a strong Q2 performance driven by a pickup in electric two-wheeler (E2W) sales and premiumization trends supporting future visibility.
The management has reaffirmed its guidance for an EBITDA margin of 11% ± 50 basis points for FY25. Goldman Sachs appreciates Uno Minda’s strategic positioning as a powertrain-agnostic player in the automotive sector, well-aligned with the trends of premiumization, personalization, and electrification.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
