Buy Uno Minda: IIFL Securities's Target Price Rs 1115
IIFL Securities has issued a buy recommendation for Uno Minda, with a target price of Rs 1115. The current market price of the stock is Rs 1083.2, offering a potential upside of around 2.9%. The brokerage firm believes that Uno Minda's strong aftermarket business and exposure to the growing electric vehicle segment will drive future growth.
About Uno Minda:
Uno Minda, listed on the National Stock Exchange (NSE), is a leading automotive component and systems manufacturer in India. Established in 1983, the company operates through three business segments: lighting, electrical and mechatronics. It has a strong presence in the domestic aftermarket and supplies components to major OEMs in the automotive industry. Uno Minda's product portfolio includes a wide range of lighting solutions, electrical systems, and electronic control units. The company has a global presence with operations in India, Europe, and Southeast Asia.
52 Week Price Trend:
Uno Minda (NSE:UNOMINDA), a prominent auto component manufacturer, is currently trading at Rs 1083.2. This represents a significant premium over its 52-week low of Rs 433, indicating a strong resurgence in the company's performance. However, the stock is still trading below its 52-week high of Rs 726.85, suggesting that there may be further upside potential. Investors should carefully consider the company's financial health, industry outlook, and market trends before making any investment decisions.
Stratzy's MOST Analysis:
UNOMINDA has received an AA- rating from Stratzy's MOST framework, which assesses Management (M), Outlook (O), Safety (S), and Trend (T) factors. This rating indicates that UNOMINDA has medium fundamental risks based on its management practices, future prospects, financial stability, and market dynamics. The AA- rating suggests that the company is well-managed, has a positive outlook, is financially sound, and has a favorable market trend, indicating moderate fundamental risk.
Company's Fundamentals:
Uno Minda (NSE: UNOMINDA) is a company engaged in the manufacture and sale of automotive components. The company's stock is currently trading with a price-to-earnings ratio (PE) of 48.55, indicating that investors are willing to pay 48.55 times the company's earnings for each share. Uno Minda has a price-to-book (PB) ratio of 8.45, suggesting that the company's market value is 8.45 times its book value. The company's dividend yield is currently at 0.23%, indicating that for every Rs. 100 invested, investors can expect to receive a dividend of Rs. 0.23 per year.
Fundamental and Technical information provided in this blog were last updated on 14 Aug, 2024
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