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INDO-MIM Shares Soar 10% on HDFC Securities 'Buy' Rating, 33% Upside Seen
M
Moneycontrol•21-09-2026, 17:47
INDO-MIM Shares Soar 10% on HDFC Securities 'Buy' Rating, 33% Upside Seen
- •INDO-MIM shares hit a 10% upper circuit, extending gains for the third consecutive day after HDFC Securities initiated coverage with a 'Buy' rating.
- •HDFC Securities set a price target of Rs 1,407 per share, implying an upside of over 33% from Friday's closing level.
- •INDO-MIM is the world's largest manufacturer of precision engineering components using Metal Injection Moulding (MIM) technology, holding about 7% market share in CY25.
- •The company's diversified manufacturing capabilities position it as a key partner for global OEMs, with potential growth in areas like humanoids, satellite internet, and aerospace.
- •HDFC Securities believes INDO-MIM will benefit from the ex-China supply chain for US manufacturing and large capital expenditure by the US Department of Defence.
Key Questions Answered
HDFC Securities initiated coverage on Indo-MIM with a 'Buy' rating and set a price target of Rs 1,407 per share, which implies an upside of over 33 percent from the previous closing level.
Apart from metal injection moulding (MIM), Indo-MIM utilizes manufacturing technologies including investment casting, precision machining, ceramic injection moulding, and metal 3D printing.
Next-generation areas such as humanoids, satellite internet, space travel, aerospace engineering, data centres, and automation equipment for mobile lines are expected to provide significant growth opportunities for the company over the next few years.
