With gold prices hovering around Rs 14,000 per gram, it has become harder for people to accumulate more gold. Additionally, making charges, GST and other costs can add up in the final bill.
Sona's consistent expansion in its product portfolio, gradual diversification of the customer, geographic mix, and a rising market share in both driveline and the traction motor segment could further support growth, says the brokerage.
With gold prices hovering around Rs 14,000 per gram, it has become harder for people to accumulate more gold. Additionally, making charges, GST and other costs can add up in the final bill.
