Minda Corporation shares today: Shares of Minda Corporation surged sharply on Wednesday following a ‘Buy’ rating upgrade by Nuvama and a revised target price of Rs 620 from Rs 590, driven by the company’s Vision 2030 roadmap and robust growth prospects.

At 9:36 AM, Minda shares were trading 8.46 per cent higher at Rs 579.35, after touching an intraday high of Rs 588.35, outperforming the broader market, with the BSE Sensex down 0.41 per cent at 81,762.76.

Analysts see strong long-term upside

Nuvama expects Minda Corporation to deliver 14 per cent revenue CAGR and 16 per cent EBITDA CAGR over FY25-28E, supported by premiumisation, EV adoption, and strategic acquisitions, reinforcing a healthy long-term earnings trajectory.

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Nuvama has given a 'buy

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