India's Uno Minda hits record high after Goldman hikes PT

UNO Minda

01/09/2025 07:49

** Shares of Uno Minda Ltd UNOI.NS climb 3.3% to a record high of 1,320.7 rupees

** Goldman Sachs raises price target on the auto parts maker's stock to Street-high of 1,450 rupees, from previous PT of 1,350 rupees

** Brokerage says PT hiked to account for benefit from partnership with China's Suzhou Inovance for supplying EV parts

** Analysts tracking stock rate it "buy" on average, similar  to rivals - data compiled by LSEG

** Stock up ~25% this year, the most among top auto parts makers

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))