&w=3840&q=100)
Why did Uno Minda share price rise 3% in trade today? Check details here
Uno Minda shares gained 2.9 per cent in trade on Friday, June 20, 2025, logging an intraday high at ₹1,067.1 per share on BSE. At 12:22 PM, Uno Minda share price was trading 2.23 per cent higher at ₹1,060 per share on the BSE. In comparison, the BSE Sensex was up 0.95 per cent at 82,138.11.
The company's market capitalisation stood at ₹60,861.3 crore. Its 52-week high was at ₹1,252.85 per share and 52-week low was at ₹768.1 per share.
Why were Uno Minda shares buzzing in trade?
The buying on the counter came after its board approved the setting up of a greenfield manufacturing facility for aluminium die casting in Sambhaji Nagar (Aurangabad) Maharashtra.
This strategic expansion is aimed at meeting the rapidly growing demand for casting components, particularly in electric two- and four wheelers (e-2Ws and e-4Ws).
Aluminium die casting is believed to be essential for creating lightweight, high-performance vehicle platforms. Electric vehicles (EV) need more aluminium-based parts for structure and thermal management than traditional internal combustion vehicles, making advanced die casting crucial for EV powertrains and body components.
According to the reports, the upcoming facility will play a vital role in supporting Uno Minda's backward integration strategy by supplying essential casting components to its forthcoming 4W-EV powertrain plant.
About Uno Minda
Uno Minda is an auto component and systems manufacturing and original equipment manufacturer (OEM). They design and manufacture over 25 categories of components and systems for vehicles across all segments (passenger cars, commercial vehicles, two- and three-wheelers) catering to both internal combustion engines (ICE) and electric/hybrid vehicles.
It is one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems, and alloy wheels. It has a leadership position in almost all the products it manufactures. Technology and innovation are the two strong pillars of the organisation, on the basis of which it has continued to lead the emerging trends in the automotive sector, over the past six decades.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
BSE introduces AI tool to speed up SME IPO document checks
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel BSE has launched a new generative AI tool to help speed up the initial checking process of SME IPO documents. Right now, vetting these documents can take several days or even weeks — but with this new tool, experts say the process could be reduced to just 30–40 per a recent circular, merchant bankers — who handle IPO filings — will be given access to a special folder where they can upload draft IPO documents. The AI tool will scan the draft and highlight any sections that need improvement or corrections before final submission."This tool is meant to improve the SME listing experience," said BSE. The AI tool will be accessed through a secure file transfer system (SFTP) and will serve as a pre-check mechanism, helping bankers make the draft more compliant before officially filing it with the its inception, the BSE SME platform has listed around 600 companies and helped raise nearly Rs 9,500 crore. The combined market value of these listed SMEs is over Rs 68,500 you include companies that have shifted from SME to the main board, the total jumps to about Rs 1.73 lakh crore. Around 200 firms have made that move so Joshi, founder of MMJC and Associates, called the move a 'progressive shift.' He said that while document vetting usually took a week, this AI tool could do it in under an hour. However, this facility is just for initial advice. The BSE will still review the final filing in full before giving official read: Sebi proposes 5-point AI rulebook for securities market. Check details This AI tool won't replace BSE's review, but it will help merchant bankers catch and fix issues earlier — making the IPO filing process smoother and faster.
Indian Express
an hour ago
- Indian Express
Sensex jumps 1.3%, Nifty ends above 25,100
Domestic benchmark indices Sensex and Nifty surged 1.3 per cent on Friday as investors' risk appetite improved after reports suggested de-escalation in Israel-Iran conflict. The BSE's Sensex rose 1.29 per cent, or 1,046.3 points, to close at 82,408.17. The broader Nifty climbed 1.29 per cent, or 319.15 points, to end at 25,112.4. 'Markets showed strength and gained over a percent after three sessions of lackluster movement. Sentiment improved after the news report indicated a possible de-escalation in the Iran-Israel conflict, with the US signaling a delay in potential action, which led to a softening in crude oil prices,' the said Ajit Mishra, Senior Vice President, Research, Religare Broking Ltd. US President Donald Trump has said that a decision on whether or not the US will get directly involved in the Iran-Israel conflict within two weeks, according to media reports. Markets witnessed consolidation after the recent spell of subdued trend, as strong European cues and positive Dow Futures triggered a massive rally in local benchmarks. 'Investors also resorted to short covering ahead of next week's monthly derivatives expiry. Despite the rebound, investors would still maintain caution due to the ongoing West Asia conflict, as any spike in crude oil prices owing to escalation in tension could fuel uncertainty and spook markets,' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Additionally, consistent buying by FIIs in the cash segment further supported the market. All key sectors participated in the rally, with realty, financials, and metals emerging as top gainers. The broader indices also saw relief, posting gains in the range of 1-1.4 per cent. The Nifty Realty ended 2.11 per cent up and the Nifty Metal climbed 1.09 per cent. The Nifty Midcap 100 rose 1.46 per cent and the Nifty Smallcap 100 gained 1.01 per cent. India VIX, which is an indicator of the market's expectation of volatility over the near term, declined 4.08 per cent to 13.67. The NSE companies that gained the most included Trent (3.96 per cent), Jio Financial Services (3.31 per cent), Mahindra & Mahindra (3.07 per cent), Bharti Airtel ( 3.04 per cent) and Nestle India (2.77 per cent). According to Religare Broking's Mishra, the outlook remains positive, and a decisive move above 25,200 on the Nifty would signal the end of the ongoing five-week consolidation phase and open the path toward the 25,600–25,800 zone. In the absence of any major domestic events, global markets will continue to guide sentiment. 'We maintain our positive yet cautious stance and advise focusing on stock selection, particularly in line with sectoral trends,' he said.
Time of India
an hour ago
- Time of India
BSE introduces AI tool to speed up SME IPO document checks
BSE has launched a new generative AI tool to help speed up the initial checking process of SME IPO documents. Right now, vetting these documents can take several days or even weeks — but with this new tool, experts say the process could be reduced to just 30–40 minutes. As per a recent circular, merchant bankers — who handle IPO filings — will be given access to a special folder where they can upload draft IPO documents. The AI tool will scan the draft and highlight any sections that need improvement or corrections before final submission. "This tool is meant to improve the SME listing experience," said BSE. The AI tool will be accessed through a secure file transfer system (SFTP) and will serve as a pre-check mechanism, helping bankers make the draft more compliant before officially filing it with the exchange. Since its inception, the BSE SME platform has listed around 600 companies and helped raise nearly Rs 9,500 crore. The combined market value of these listed SMEs is over Rs 68,500 crore. If you include companies that have shifted from SME to the main board, the total jumps to about Rs 1.73 lakh crore. Around 200 firms have made that move so far. Makarand Joshi, founder of MMJC and Associates, called the move a 'progressive shift.' He said that while document vetting usually took a week, this AI tool could do it in under an hour. However, this facility is just for initial advice. The BSE will still review the final filing in full before giving official approval. Also read: Sebi proposes 5-point AI rulebook for securities market. Check details This AI tool won't replace BSE's review, but it will help merchant bankers catch and fix issues earlier — making the IPO filing process smoother and faster.
