Shares of Uno Minda surged 6.85% to Rs 880.60 in Monday’s early trade, marking one of the strongest intraday performances on the NSE. The rally comes after Axis Securities reiterated its ‘Buy’ call on the stock with a revised target price of Rs 900 per share, implying further upside potential from current levels.
Axis had earlier maintained the same target when the stock was trading at Rs 814, citing robust growth prospects and solid fundamentals in the auto ancillary segment. Uno Minda’s strong QIP placement earlier this year and continued traction in its core business lines have kept investor interest high.
At 10:49 AM IST, the stock traded within a range of Rs 822.75 – Rs 883.90. The company’s market capitalization stood at Rs 47,320 crore. Uno Minda has a 52-week range between Rs 698.35 and Rs 1,255.00.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
