06-Nov-2026 09:00:34
UNOMINDAExpansion
JEFFERIES ON UNO MINDA ; BUY | TARGET ₹1,700 (EARLIER ₹1,500)
• Capacity expansion across alloy wheels, sunroofs, airbags and EV components drives growth. • Expects 28% EPS CAGR through FY29, with ROE reaching 21–22%. • Hikes FY27–29 EPS estimates by 6–9%; industry slowdown remains a key risk.
UNO MINDA LIMITED