NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Domestic brokerage firm Motilal Oswal has initiated coverage on Uno Minda Ltd. with a Buy rating and has ranked the stock as its top pick in the auto ancillary sector.
The brokerage values Uno Minda at 45 times FY28E earnings per share to arrive at a target price of Rs 1,406 per share, implying a potential upside of 25% from the current levels.
The brokerage believes Uno Minda will fit in as a long-term structural growth story given:
- its well-diversified mix that shields it from the cyclicality of any particular sector,
- strong presence in different segments with high-growth potential,
- ability to foray into new emerging businesses either on its own or through partnerships with huge growth potential in future, and
- key beneficiary of emerging trends in the sector as highlighted above.
Considering these factors, along with solid financial strength and robust growth expectations, Uno Minda's premium valuations appear justified.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
