Shares of the company gained more than 20 per cent in the last six months.

In Q1FY24, the net sales increased by 21.06 per cent to Rs 3,093 crore, the operating profit increased by 24.06 per cent to Rs 330 crore and the net profit increased by 20 per cent to Rs 180 crore compared to Q1FY23.

Finance Minister Nirmala Sitharaman presents Union Budget 2023.

In CY22 more than 150 companies announced issue of bonus shares and we have gauged the performance of some well-known stocks from the date of ex-bonus to date (December 30). 

Along with the many initiatives taken by the government in favour of the Indian automotive industry and the gradual easing of certain challenges such as the pandemic and the shortage of semiconductors, Sunil Bohra, Chief Financial Officer, UNO Minda Group, is quite positive about the way ahead.