Uno Minda moves up on commissioning new automotive seating systems plant
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UNO Minda is currently trading at Rs. 660.90, up by 1.25 points or 0.19% from its previous closing of Rs. 659.65 on the BSE.
The scrip opened at Rs. 670.65 and has touched a high and low of Rs. 674.05 and Rs. 660.85 respectively. So far 8124 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 694.40 on 24-Nov-2023 and a 52 week low of Rs. 433.00 on 24-Mar-2023.
Last one week high and low of the scrip stood at Rs. 674.05 and Rs. 635.00 respectively. The current market cap of the company is Rs. 37964.30 crore.
The promoters holding in the company stood at 68.74%, while Institutions and Non-Institutions held 24.76% and 6.49% respectively.
Uno Minda has commissioned its new automotive seating systems plant under subsidiary Uno Minda TACHI-S Seating (UMTS) in Bhagapura, Ahmedabad, Gujarat. The plant will manufacture mechanical parts for automotive seats for passenger cars. UMTS has already received orders from OEM and is expected to start supplies by Q4 FY24.
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.
