India's Uno Minda gains on expansion plan

UNO Minda

24/05/2024 05:46

** Shares of Uno Minda  UNOI.NS  rise 4.6% to 868 rupees
    ** Stock had hit record high on Thursday after the auto
parts maker posted a ~58% rise in Q4 profit
    ** Co also said on Thursday it plans to expand plant for
additional annual production capacity of 2 million wheel per
annum
    ** More than 1.3 mln shares change hands, 3x its 30-day avg
    ** Fifteen analysts covering the stock on avg have a "buy"
rating; median PT is 790 rupees - LSEG data
    ** Stock up 16% so far this week; eyes best weekly gain
since Nov 12, 2021


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))