Minda Industries Ltd
MINDAIND

412.65

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Turnover (lac)
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Day's Vol.(shares)

412.25

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Turnover (lac)
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Accumulate
Reco. Price
Rs 378.00
We recommend an ACCUMULATE considering demand uptick in automobile sector and corporate structure re-alignment. Resultant top-line growth of ~24.2% CAGR over FY16-18E is expected to boost earnings. Stock is trading at a P/E of 17.8x FY17E. (Target Price – Rs.399.4)
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50 DMA (.)
345.35
100 DMA (.)
337.68
200 DMA (.)
292.21
Weekly Range (.)
377.15
416.10
Monthly Range (.)
342.25
416.10
52 Weeks Range (.)
151.84
416.10
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