Will the Minda Industries share price run continue?
In this article we will quickly re-cap the broker forecasts for Minda Industries (NSI:MINDAIND).
The Minda Industries share price has risen by 10.4% over the past month and it’s currently trading at 290.75. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Minda Industries currently has:
- 8 Buy recommendations
- 1 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
At its current price of 290.75, shares in Minda Industries are trading at a discount of -32.6% to its 52 week high price. The 1-year performance of the shares has been -12.0%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Minda Industries it's worth doing some investigation yourself.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of UNO Minda it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with UNO Minda that you can find out about here.
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