India's Uno Minda gains on setting up aluminium die-casting facility

UNO Minda

20/06/2025 09:36

** India's Uno Minda UNOI.NS rises 2.2% to 1,059.80 rupees

** Auto parts maker says it will set up a greenfield aluminium die casting facility in Maharashtra to support growing demand for electric vehicles

** Project involves total investment of 2.10 bln rupees ($24 mln); phase 1 of plant expected to start operations from Q2 FY27 - UNOI

** Avg rating of 16 analysts on UNOI at "buy"; median PT is 1,153.50 rupees - data compiled by LSEG

** Session's gains erase stock's YTD losses

($1 = 86.5770 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))