Uno Minda jumps on starting construction work on alloy-wheel plant in Haryana
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UNO Minda is currently trading at Rs. 741.25, up by 15.55 points or 2.14% from its previous closing of Rs. 725.70 on the BSE.
The scrip opened at Rs. 738.45 and has touched a high and low of Rs. 748.00 and Rs. 736.40 respectively. So far 9122 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 764.65 on 09-Apr-2024 and a 52 week low of Rs. 494.50 on 11-Apr-2023.
Last one week high and low of the scrip stood at Rs. 764.65 and Rs. 723.35 respectively. The current market cap of the company is Rs. 42695.41 crore.
The promoters holding in the company stood at 68.73%, while Institutions and Non-Institutions held 24.87% and 6.41% respectively.
Uno Minda has commenced construction work on a passenger vehicle alloy-wheel plant in Haryana, entailing an investment of Rs 542 crore. The facility is located at IMT Kharkhoda in Haryana, and it will have a production capacity of 1.2 lakh wheels per month. The plant will be set up in a phased manner over the next five years, with the first phase expected to be commissioned in the second quarter of FY26.
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.
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