India's Uno Minda jumps on Nomura, CLSA price target hike, upbeat results

UNO Minda

10/11/2025 07:57

** Shares of automotive components maker Uno Minda UNOI.NS rise as much as 6.52% to about 1,310 rupees

** UNOI posted 24.1% YoY Q2 consolidated net profit rise on Nov 7

** Nomura reiterates "buy", hikes PT to Street-high of 1,493 rupees from 1,430 rupees after upbeat Q2 results

** Sees capacity ramp-up in EV segment as positive factor given co's rising share in segment

** CLSA reiterates "outperform", hikes PT to 1,482 rupees from 1,472 rupees, second-highest among 18 analysts tracking UNOI with "buy"

** Believes GST cuts will boost demand for two-wheelers and passenger vehicles, improving UNOI's revenue outlook

** UNOI up 16.8% in 2025 so far, lags nearly 18% rise in auto index .NIFTYAUTO

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))