Minda Corp Q1FY19: Revenue growth robust; margins disappoint; Buy

Nirmal Bang | Aug. 17, 2018, 12:17 p.m.

Valuation and Recommendation
At CMP of Rs. 153, MCL is trading at a PE of 14.1x FY20E earnings. We recommend BUY on the stock for a target price of Rs. 220 (20x FY20E).

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