India's Uno Minda surges to record high

Marr SpA

04/04/2024 09:22

** Shares of auto parts maker Uno Minda  UNOI.NS  rise as
much as ~7% to hit a record high
    ** Stock sees busiest trading day since late-Feb, volumes
over 1.4 mln - 2.4 times the 30-day avg 
    ** Stock posts third-highest intraday pct gain so far in
2024 
     ** Reuters could not immediately ascertain the reason for
share move 
    ** Including session's gains, stock up 5.4% so far this
year, peer Bosch  BOSH.NS  and Samvardhana Motherson
International  SAMD.NS  up ~39% and ~18%, respectively 
    ** Analysts' avg rating on UNOI is "buy", their median PT is
732.5 rupees- a ~5% premium on last close - LSEG



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))