Uno Minda Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

Uno Minda has issued the unlisted Commercial Paper of Rs. 100 crore with allotment date 27 June 2024 and due for maturity on 23 September 2024.

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Uno Minda announced that Commercial Paper of Rs. 100 crore issued on 12 April 2024 with maturity date of 26 June 2024 has been redeemed.

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Following the upgrade, shares of Uno Minda hit a record high of Rs 1,180.80 today.

The brokerage report highlighted the company's strong positioning within the growing Indian auto components industry. Uno Minda currently holds a dominant market share, exceeding 50% in auto switches and 40% in 4-wheeler alloy wheels.

However, the report also acknowledged potential risks to Uno Minda's future performance. These include maintaining its peak switches share, potential slowdowns in the automobile sector, and balancing growth focus with free cash flow generation.

Uno Minda is a leading global manufacturer and supplier of proprietary automotive solutions and systems to OEMs as Tier-1. The company is one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems and alloy wheels in India.

The company’s consolidated net profit jumped 58.3% to Rs 289.11 crore in Q4 FY24 as compared with Rs 182.65 crore in Q4 FY23. Revenue from operations increased 31.3% YoY to Rs 3,794.02 crore in Q4 FY24.

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KNR Constructions Ltd, Nazara Technologies Ltd, Century Textiles & Industries Ltd and Bharat Heavy Electricals Ltd are among the other gainers in the BSE's 'A' group today, 06 June 2024.

Uno Minda Ltd surged 16.68% to Rs 1006.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.93 lakh shares were traded on the counter so far as against the average daily volumes of 39845 shares in the past one month.

KNR Constructions Ltd soared 13.80% to Rs 386.3. The stock was the second biggest gainer in 'A' group. On the BSE, 8.74 lakh shares were traded on the counter so far as against the average daily volumes of 2.37 lakh shares in the past one month.

Nazara Technologies Ltd spiked 13.03% to Rs 787.85. The stock was the third biggest gainer in 'A' group. On the BSE, 80315 shares were traded on the counter so far as against the average daily volumes of 3.07 lakh shares in the past one month.

Century Textiles & Industries Ltd spurt 12.44% to Rs 2069.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 40800 shares were traded on the counter so far as against the average daily volumes of 14825 shares in the past one month.

Bharat Heavy Electricals Ltd gained 12.44% to Rs 287. The stock was the fifth biggest gainer in 'A' group. On the BSE, 36.38 lakh shares were traded on the counter so far as against the average daily volumes of 23.12 lakh shares in the past one month.

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