Minda Corporation Ltd saw its shares rallying 10 per cent in Wednesday's trade after brokerages stayed bullish on the auto ancillary company following Minda's Vision 2030.

Emkay Global said Minda is well positioned as a structural compounder as it maintained 'Buy' on the stock, with unchanged estimates and target of Rs 600, valuing the scrip at 30 times September 2027 PER. Advertisement

"We are tweaking up FY26–28E Ebitda by 1–4 per cent factoring in higher growth for the underlying industry and increasing content. Retain ‘Buy’ with a target of Rs 620 (earlier Rs 590) based on 32 times Sep-27E EPS," Nuvama said.

This brokearge said Minda is a play on premiumisation, import substitution, regulatory changes and disruptions such as EV penetration.

Following the development, the stock r

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