FY23 was a strong year for Auto, with key segments clocking 12-49% volume growth versus FY22. However, YoY growth moderated over the course of FY23.
Money likely to be raised through equity and convertible bonds.
Valued at 16 times the projected sales for FY 24.
The company is raising Rs 200 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
In May 2022, the company has paid a dividend of Rs 56.50 per share.
This can be attributed to the pressure of higher core inflation
FCCB is foreign currency convertible bonds.
Here are some stocks that may show significant price movement today.

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