This small-cap auto company receives orders worth Rs 539 crore from Mahindra Group of Companies; share jumps 13 per cent!
This small-cap auto company receives orders worth Rs 539 crore from Mahindra Group of Companies; share jumps 13 per cent!

This small-cap auto company receives orders worth Rs 539 crore from Mahindra Group of Companies; share jumps 13 per cent!

The shares of the company saw a spurt in volume by more than 2.54 times on BSE.

Kiran Shroff Article rating: 4.0

The company reported amazing numbers in its quarterly results and annual results. The net sales increased by 25.86 per cent to Rs 73 crore and net profit increased by 8.33 per cent to Rs 13 crore in Q4FY23 over Q4FY22.

Hot Stock: This auto manufacturing company receives order worth Rs 180 crore from BorgWarner Inc!
Hot Stock: This auto manufacturing company receives order worth Rs 180 crore from BorgWarner Inc!

Hot Stock: This auto manufacturing company receives order worth Rs 180 crore from BorgWarner Inc!

From Rs 605.20 per share to Rs 915 per share, the stock gave 51.20 per cent returns to the investors since the stock is listed on the exchanges.

Kiran Shroff Article rating: 3.9

The company reported amazing numbers in its quarterly results and annual results. The net sales increased by 25.86 per cent to Rs 73 crore and net profit increased by 8.33 per cent to Rs 13 crore in Q4FY23 over Q4FY22. In FY23, the net sales increased by 15.81 per cent to Rs 271 crore and net profit increased by 10.87 per cent to Rs 51 crore over FY22.

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