The record
Written from the 1 report below. Nothing here is unsourced.
- Auto components maker Uno Minda reported a marginal rise in net profit alongside 24% year-over-year revenue growth for the first quarter.
- The market reacted positively, with shares rising as much as 2.90% to an intraday high of Rs 1,243.95 per share.
- By 11:35 am, the stock was trading 2.45% higher at Rs 1,234.50 apiece.
- The results suggest steady business growth even though profit gains were modest relative to revenue.
What to watch next
- Whether full-quarter financial details later clarify why profit growth lagged the 24% revenue increase
- How the stock sustains its gains through the trading day
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Named India · Uno Minda
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