Shares of Uno Minda, a global manufacturer and supplier of auto components, gained over 3% to Rs 1,169 on the BSE on Thursday after Motilal Oswal initiated coverage with a Buy call and a target price of Rs 1,406, an upside of 25% from current market levels.
The domestic brokerage said the company is emerging as one of the key beneficiaries of structural growth trends in the industry, such as premiumization and EV transition, which are driving a steady rise in content per vehicle (CPV) for Uno Minda over the years.
