India's Uno Minda rises after unit's license deal with Hyundai Mobis

Hyundai Mobis

26/09/2024 05:49

** Shares of Uno Minda  UNOI.NS  rise 2.5% to 1,178.2 rupees
    ** Co on Wednesday said its unit entered into a technical
license agreement with Hyundai Mobis Co  012330.KS , car parts
arm of Hyundai Motor Co  005380.KS   
    ** Agreement for licensed products manufacturing 
    ** Stock snapped a four-day rally on Wednesday
    ** Analysts covering the stock on avg have a "hold" rating;
median PT is 1,087.50 rupees - LSEG data
    ** Stock up 68% so far this year

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))