Regarding market sentiment, around 2150 stocks are advancing, outnumbering the 1368 stocks in decline, indicating a positive sentiment in the broader market.

This micro-cap company has a market capitalization of over Rs 700 crore and very little debt. The company has only Rs 30.4 crore in outstanding debt, which is just 4.15 per cent of its current market capitalization. This means that the company is essentially debt-free.

Our growth was driven by a strategic combination of organic and inorganic expansion, informs CFO Dharmendra Tuteja

Uno Minda has been at the forefront of the electrification trend, states Sunil Bohra, Group CFO and CEO (Safety and Comfort Systems), Uno Minda

The company has a high level of promoter ownership, with the promoters holding 75 per cent of the shares. The public owns the remaining 25 per cent of the shares.

Mutual Fund Direct vs Regular SIP calculation: Know how a small change in your mutual fund returns can make a big difference.

Shares of the company have jumped more than 200 per cent in the last six months.

Earlier, the company announced its stellar quarterly results wherein the net sales increased by 12 per cent to Rs 41.89 crore, and operating profit increased by 336 per cent to Rs 3.91 crore and the net profit increased by 120 per cent to Rs1.03 crore in Q1FY24 over Q1FY23.

According to the consolidated quarterly results, the net sales increased by 2 per cent to Rs 15,003 crore (due to higher sales across Distribution Companies and capacity addition in renewables), EBITDA increased by 43 per cent to Rs 3,005 crore and the net profit increased by 29 per cent to Rs 1,141 crore in Q1FY24 compared to Q1FY23.