India's Uno Minda jumps on Q2 profit rise

UNO Minda

12/11/2024 06:44

** Shares of Uno Minda  UNOI.NS  rise as much as 6.2% to 979
rupees
    ** Auto parts maker says its Q2 consol net profit rose 9% to
2.45 bln rupees ($29 mln), and revenue increased 17.2%
    ** Stock set to snap three straight sessions of losses
    ** UNOI has been above its 200-day SMA since March,
indicating bullish sentiment
    ** Avg rating of 16 analysts covering stock is "hold" and
median PT is 1,087.5 rupees, ~12% higher than current price -
LSEG data
    ** UNOI last up 5%, extending YTD gains to ~41%
    
($1 = 84.3925 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))