India's Uno Minda hits 6-month high after posting strong quarterly results
BUZZ-India's Uno Minda hits 6-month high after posting strong quarterly results ** Auto components maker Uno Minda's UNOI.NS shares rise as much as 2.8% to 1,243.9 rupees, touching highest level in about six months
** June-quarter revenue from operations jumps 23.8% YoY; profit 1.8% higher
** Q1 EBITDA rises 21% to 5.72 billion rupees, from 4.74 billion rupees a year earlier
** "While we navigated a challenging commodity pricing environment during the quarter, underlying demand across the automotive sector remains strong," - CFO
** Stock trades at forward 12 months P/E of 46.53 vs industry median of 27.42
** 13 of 19 brokerages rate the stock "buy" or higher, 3 "hold" and 3 "sell" or lower; their median PT is 1,270 rupees
** YTD, UNOI down 4.8% vs 0.8% fall in Nifty 500 Index .NIFTY500
(Reporting by Abhinav Parmar in Bengaluru)
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