Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.
The company posted consolidated net profit of Rs 29.46 crore as against a loss of Rs 6.58 crore in the year-ago quarter on the back of a healthy operational performance
The stock dipped 6% to Rs 384 on the BSE in intra-day trade after nearly 10% of total equity of auto ancillary Company changed hands on the counter via multiple block deals
