Tale of the Tape 

Hola Amigos. Markets closed down for a fourth straight day! 

Nifty and Sensex cooled off sharply from the day’s high to end in the red! Weak global cues, rupee’s free fall and consistent FII selling dampened investor sentiment. Midcaps (-1%) and Smallcaps (-0.7%) saw even greater selling pressure. It was a sea of red across sectors. Except for FMCG (+0.2%), every other sector ended lower. Barely 137 stocks on the NSE500 ended in the green. 

In today’s issue of the newsletter, we take a look at Minda Corp’s ambitious 5-year plan, Anand Rathi and Seshaasai Technologies IPO review, and top newsmakers. 

Honorable mentions:

Tata Motors was the top Nifty loser after JLR extended production shutdown due to cyberattack. Swiggy (-2%) will sell its stake in Rapido for Rs 2,400 cr. VMS TMT closed at Rs 105 p/sh; +6% from its issue price.

Check out the NSE 500 heatmap:

Stock
Pullin’ In The Dough

Minda Corp surged +12% intraday to hit the highest mark since October last year! Here’s why? The company unveiled its 5-year plan aka Vision 2030 setting the tone for a transformative leap with bold financial targets! 

Minda Corp projected its revenue will triple to Rs 17,500 cr in the next 5 years! EBITDA is estimated to hit Rs 2,100 cr (from Rs 576 cr) But, how will they do it? A key pillar of Minda’s strategy is premiumisation—particularly through innovations in Smart Access, Cockpit Electronics, and Electric Vehicle (EV) Harness segments. By FY30, the revenue share from passenger vehicles is expected to rise from 14% to 25%, while the contribution from two- and three-wheelers will decrease as the company pivots toward higher-value segments.

Minda is also making significant strides in exports, targeting North America and Europe, and is introducing new products such as EV kits, sunroofs, and advanced switches. Strategic partnerships and joint ventures with global players like Toyodenso and HCMF are set to further enhance its product offerings and market reach. Financially, Minda’s robust cash flows are expected to halve its net debt/equity ratio to 0.3x by FY30, which is a positive.  

With these initiatives, Minda Corp is positioning itself as a frontrunner in automotive innovation and growth, say experts. Consequently, brokerage firm Nuvama has hiked its target price to Rs 620 p/sh; a further 7% upside from current levels!

Specials
What Next For BSE?

BSE has been in the news for all the wrong reasons lately. The stock is down -25% from its all-time high but is the worst behind us or is there more pain in store? Find out as we break down the company’s pros & cons, fundamentals and brokerage views in our latest video..