Uno Minda rises on getting nod to set up manufacturing unit for four wheel-alloy wheels
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UNO Minda is currently trading at Rs. 591.10, up by 10.10 points or 1.74% from its previous closing of Rs. 581.00 on the BSE.
The scrip opened at Rs. 584.95 and has touched a high and low of Rs. 598.00 and Rs. 581.95 respectively. So far 28119 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 660.30 on 17-Aug-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. 598.00 and Rs. 576.30 respectively. The current market cap of the company is Rs. 33812.14 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 received approval for setting up of new manufacturing unit for manufacturing of alloy wheels for four wheelers. The Board has authorized the management to evaluate and finalise the appropriate location for said manufacturing facility. The Board of Directors of the company at its Meeting held on November 7, 2023, has approved the same.
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.
