Gurmeet Chadha on 3 stocks to bet on in auto sector
“We are constructive on some of the passenger vehicle names, especially M&M. They seem to be getting their SUV leadership back with five successful launches now. Even in the tractor segment, while it has been a soft H1, they have gained market share. We are also looking at some CV makers selectively. Within two -wheelers, we are constructive on TVS. Among auto ancillaries, we track Minda Industries. ”
We were a little ahead of time but still betting on these 4 sectors: Rajesh Kothari
“Can corporate India deliver 15% plus earnings growth over the next two-three years? The answer is definitely yes. Look at the non-food credit growth. Very healthy numbers came yesterday. It is probably the highest in the last 100 months. The corporate earnings were reasonably good in Q1, despite so many challenges on the raw material side. We are in a good state of health.”
Transition from ICE to EV is great news for Minda as kit value increases manifold: Sunil Bohra
“Any transition premiumisation which includes increase in kit value, steel wheel to alloy wheel or a halogen lamp to LED lamp – bode well for us because it increases the kit value. From a two-wheeler or a three-wheeler perspective, we all know that India mart also is gradually transitioning to EV.”
Transition from ICE to EV is great news for us as our kit value increases manifold: Sunil Bohra
“Any transition premiumisation which includes increase in kit value, steel wheel to alloy wheel or a halogen lamp to LED lamp – bode well for us because it increases the kit value. From a two-wheeler or a three-wheeler perspective, we all know that India mart also is gradually transitioning to EV.”
Buy Minda Industries, target price Rs 1050: ICICI Direct
Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 27123.96 Crore) operating in Auto Ancillaries sector.
Chart Check: Falling channel breakout signals resumption of upmove for this auto ancillary stock in bear grip
The stock bounced back after hitting a low of Rs 836 on 7 June to reclaim 50, and 200-DMA on the daily charts which is a positive sign for the bulls. The auto and auto ancillary space extended its outperformance as the Nifty Auto index is poised for a breakout above its multi-year highs since CY17.
Buy Minda Industries, target price Rs 1070: ICICI Direct
Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 27168.13 Crore) operating in Auto Ancillaries sector.
Big Movers on D-St: What should investors do with Hindustan Copper, Minda Industries and Tata Power?
Stocks that were in focus included names like Hindustan Copper which fell more than 9 per cent, Minda Industries which fell more than a per cent, and Tata Power which closed with losses of over 7 per cent on Monday.
Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 25415.93 Crore) operating in Auto Ancillaries sector.
Minda Industries zooms 9% despite fall in Q4 PAT; here's why
Minda Industries said its board has recommended a 50 per cent final dividend at the rate of Re 1 per equity share of the face value of Rs 2 each, along with an issue of bonus shares in the ratio of 1:1.The companys share price rose to a high of Rs 906.45 as against Rs 835.10 at the previous close on the BSE.
Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 24908.96 Crore) operating in Auto Ancillaries sector.
UNO Minda Group CMD Nirmal K Minda said despite turbulent times for the auto industry on the back of shortage of semi-conductors, rising input costs, geo-political tensions, the company was able to register growth in its revenues and profitability.
Corporate Radar: Q4 earnings, dividends, rights issues, AGMs and more
Adani Ports, Grasim Industries, Minda Industries, IPCA Labs, Bayer CropScience, The Phoenix Mills, Bank of India and Metropolis Healthcare are among companies which will announce their quarterly earnings today.
Up to 19,000% rally! 8 biggest stock gainers of Narendra Modi’s 8 years in office
As per data available with Accord Fintech, as many as 261 stocks have turned multibaggers in the last eight years and 31 have delivered over 1,000 per cent returns. At the same time, there are 19 stocks that have plunged 50-90 per cent.
Hot Stocks | Double-digit return in Varun Beverages, ABB India, Minda Industries possible in short term. Here's why
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.
Best to be with the bluest of blue-chip banks: Dipan Mehta
'Whether the world goes for more IC engines or more electric vehicles, auto ancillary companies, which are focussed on non-engine parts, will continue to do well. They will see their markets and their content per car grow."
5 pharma and auto ancillary stocks to bet on now: Daljeet Singh Kohli
'Within pharma, one has to be choosey. Look at stocks which are more inclined towards the domestic market like Cipla and Sun Pharma. Secondly, healthcare as a theme will also work next year. So hospitals and diagnostics will be the stocks in focus. We added Max recently.'
Target 3 (72%) achieved in Minda Industries. Target 4 is ON... for NSE:MINDAIND by MandeepSinghKohli
This is follow-up on Minda Industries. Can check link to related ideas.
Target 3 achieved. More than 72%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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⭐️Target 3 (72%) achieved in Minda Industries. Target 4 is ON.⭐️
Hold Minda Industries, target price Rs 1060: ICICI Direct
Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 29733.09 Crore) operating in Auto Ancillaries sector.
While the restructuring promises better synergies and more efficiency, the swap ratio proposed by the group for Shriram City Unions merger with Shriram Transport irked the latters investors as it is more expensive than previously thought.
Minda surges 8% to 52-week high as firm inks manufacturing JV pact with FRIWO AG Germany
“Based on our internal assessment based on which the board has approved the investment of Rs 390 crore we are looking at minimum of 3x-4x of revenue in next 5-6 years.” Sunil Bohra, Group CFO of Minda Industries was quoted as saying in reports.
Minda Industries Ltd., incorporated in the year 1992, is a Mid-Cap company (with a market cap of Rs 25425.93 Crore) operating in Auto Ancillaries sector.