Uno Minda inches up on the Bourses
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Uno Minda is currently trading at Rs. 558.45, up by 0.15 points or 0.03% from its previous closing of Rs. 558.30 on the BSE.
The scrip opened at Rs. 551.10 and has touched a high and low of Rs. 570.10 and Rs. 551.05 respectively. So far 10834 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 630.00 on 29-Dec-2021 and a 52 week low of Rs. 357.50 on 04-Oct-2021.
Last one week high and low of the scrip stood at Rs. 570.10 and Rs. 521.45 respectively. The current market cap of the company is Rs. 31611.37 crore.
The promoters holding in the company stood at 67.41%, while Institutions and Non-Institutions held 22.86% and 9.73% respectively.
Uno Minda has received approval to enter into a Joint Venture agreement with TACHI-S Company (TACHI-S), a global seat system creator headquartered in Tokyo, Japan, for manufacturing and marketing of seat recliners for four wheeler passenger vehicle in India. The Joint Venture will offer various products including recliners in first phase with the intention of expanding into other seating mechanisms, seat frames and complete seating assembly. The company will hold 51% stake in the Joint Venture while the remaining stake will be held by TACHI-S.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
