Auto components maker Uno Minda Ltd on Thursday announced investments of more than Rs 610 crore on setting up a new plant in Indonesia and expanding domestic capacity in India. The company’s wholly-owned subsidiary, PT Minda Asean Automotive (PTMA), has secured additional orders, including orders for long tail lamps for passenger cars from OEMs (original … Read more
Domestic markets staged a robust recovery on Friday, gaining nearly 1.5%, driven by positive global cues. In today’s trade, shares of Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, Polyplex Corp among others will be in focus due to various news developments. Hindustan Zinc Metal major Vedanta Limited on Friday said that it will exercise the … Read more
Indian markets traded in consolidation mode this week despite the initial caution around the Hindenburg-Adani saga. However, positive global cues, including better US retail sales data and the decline in weekly jobless claims, helped the Sensex gain nearly 1%. During the week, about 43 stocks delivered double-digit weekly returns with three of them gaining over … Read more
Besides macro factors and solid earnings growth, one of the biggest reasons behind higher valuation multiples on Dalal Street is the unflinching faith shown by domestic investors. But the valuation multiples can face headwinds if the domestic flows into equities slow down following rises in short- and long-term capital gains tax in the Union Budget, … Read more
“I think one thing the market is now trying to price in is that it will survive and I think the first worry was that whether it will survive or not. I think the bigger worry from an investor point of view would be how quickly it can build network, how quickly it can win … Read more
The Indian market closed in the green for the second day in a row on Thursday tracking positive cues. The S&P BSE Sensex rose nearly 700 points while the Nifty50 rose more than 200 points. Sectorally, buying was seen in capital goods, public sector, and realty stocks. Stocks that were in focus include names like … Read more
Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed negative with losses of 0.65% at 22211 levels on Tuesday. India VIX was up by 1.20% from 12.47 to 12.62 levels. On the weekly options front, the maximum Call OI is placed at 22,500 and then towards 22,700 … Read more
New Delhi, Auto components maker Uno Minda on Wednesday said it has commenced construction work on a passenger vehicle alloy-wheel plant in Haryana, entailing an investment of Rs 542 crore. The facility is located at IMT Kharkhoda in Haryana, and it will have a production capacity of 1.2 lakh wheels per month. The plant, with … Read more
Auto components maker Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. “This collaboration further strengthens our dedication to ‘Make … Read more
