India's Uno Minda hits record high on qtrly profit rise

UNO Minda

23/05/2024 10:47

** Shares of Uno Minda  UNOI.NS  jump 7.4% to a record high of
814.05 rupees
    ** The auto parts maker's March-qtr consol net profit surged
~58% y/y to 2.89 bln rupees ($34.7 mln), rev from ops grew 31% 
    ** Stock was up 0.7% ahead of the results 
    ** Analysts' avg rating on UNOI stock is "buy", their median
PT is 760 rupees- LSEG
    ** Including session's gains, stock up ~11% YTD, while peers
Bosch  BOSH.NS  and Samvardhana Motherson International
 SAMD.NS  up ~39% and ~35%, respectively




($1 = 83.2300 Indian rupees)

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