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Auto stocks lead the rebound from War lows — Here are factors aiding the recovery
All 15 stocks in the Nifty Auto index are trading with gains on Wednesday, rising 3.7% to 13%. Ashok Leyland, Samvardhana Motherson International, Tata Motors PV, Eicher Motorsand Uno Minda are the top gainers in the index, with shares of Ashok Leyland reporting their biggest single-day gain in six years.
Minda Corp shares advance 5% as unit forms JV with UK's Turntide Drives
Under the proposed shareholding structure, Spark Minda Green Mobility Systems will hold a 49 per cent stake in the venture, while Turntide Drives will own the remaining 51 per cent
Uno Minda shares jump over 3% as Jefferies initiates coverage with Rs 1,350 target price
Uno Minda shares rose over 3 per cent after Jefferies initiated coverage on the auto component maker with a Buy rating and a target price of Rs 1,350. The brokerage expects strong earnings growth driven by rising content per vehicle, premiumisation trends and expanding presence in EV components and advanced automotive systems.
Uno Minda in focus after board approves Rs 320 crore greenfield seating systems plant
Uno Minda Share Price | The plant is expected to commence commercial operations by the fourth quarter of FY28.
Uno Minda enters passenger vehicle seating systems segment; Nomura sees long-term positive
Nomura has maintained its Buy rating on Uno Minda.