UNO Minda is currently trading at Rs. 995.35, up by 3.40 points or 0.34% from its previous closing of Rs. 991.95 on the BSE.
The scrip opened at Rs. 1005.95 and has touched a high and low of Rs. 1014.95 and Rs. 965.40 respectively. So far 31772 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1206.90 on 02-Jul-2024 and a 52 week low of Rs. 551.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1033.40 and Rs. 860.00 respectively. The current market cap of the company is Rs. 56632.65 crore.
The promoters holding in the company stood at 68.75%, while Institutions and Non-Institutions held 25.05% and 6.20% respectively.
Uno Minda has received approval to acquire further stake in Minda Onkyo India (MOIPL), a 50:50 Joint Venture Company of Uno Minda and Onkyo Sound Corporation, Japan, by acquisition of 49% stake (Equity Shares) of MOIPL from Onkyo Sound Corporation, Japan, in a phased manner. Post-acquisition, MOIPL shall become Subsidiary of the Company. Further, the business will be similar to the main line of businesses of Uno Minda.
The board has also approved the detailed project report and investment in Sunroof project for an amount of Rs 62.69 crore. The Board of Directors of the Company, at its meeting held on August 07, 2024, has, inter-alia, 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.
