Nomura Identifies 6 Stocks with Up to 49% Upside Potential, Tapping into India’s Electric Vehicle Boom

Nomura has reiterated a ‘Buy’ rating for UNO Minda, setting an ambitious target price of Rs 1,494 per share. This forecast indicates a promising upside potential of 37% from the stock’s last closing price of Rs 1,089.30. This bullish outlook positions UNO Minda as one of the top contenders in the market, reflecting strong confidence from analysts amidst recent fluctuations in share price.

Despite facing considerable declines—over 3% in the past week, approximately 6% in the month, and 16% since the beginning of 2026—UNO Minda’s long-term performance demonstrates resilience. The stock has achieved impressive gains of 6% year-over-year, 103% over three years, and a commendable 94% over the last five years. This trajectory suggests that while recent short-term performance has been volatile, the historical data indicates a robust growth potential for investors.

Investors should note that while the prospects appear favorable based on Nomura’s analysis, market conditions are subject to change and involve inherent risks. The performance of UNO Minda may be influenced by various external factors, which could impact future valuations. It is crucial for stakeholders to conduct thorough due diligence and consider market trends before making investment decisions. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)