The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 475 per cent in 3 years.

The Gazette Notification issued by the Ministry outlines key modifications to the PLI Scheme, effective upon publication. Under the revised framework, the incentive will now span five consecutive financial years, commencing from 2023-24, with disbursement occurring in the subsequent financial year, 2024-25.

Automotive ancillary companies are an essential part of the automotive industry, playing a critical role in the manufacturing and maintenance of automobiles. As the demand for automobiles continues to rise, the demand for automotive ancillary products and services will continue to increase as well. Bhavya Rathod highlights the various factors that will spur further growth in this sector

The Nifty auto sector has rallied 40 per cent from March 2022 lows and this stock is consolidating by forming lower highs and equal lows in the range of Rs 536 on higher side and Rs 366 on lower side.

Finance Minister Nirmala Sitharaman presents Union Budget 2023.

In an otherwise weak market, shares surged more than 3 per cent to a day's high of Rs 1,019.80 per share on the BSE.

Sanmit Infra, Mitshi India, and Biofil Chemicals & Pharmaceuticals were the BSE's top low-priced gainers, catching the investors' attention by locking at 20 per cent upper circuits.  

Amidst all these, there is one sector that has been a sheer outperformer and that is the auto sector. Nifty Auto index climbed over 10 per cent on a YTD basis.

For the second straight trading session, the bulls took charge over the benchmark indices as declining commodity prices lowered inflationary concerns. 

Nifty closed on a high note as it made a fantastic recovery in the last half an hour. It closed marginally lower on a close-to-close basis but gained about 240 points from its day’s low.