From Rs 29 to Rs 117: This multibagger touched its 52-week high today!

From Rs 29 to Rs 117: This multibagger touched its 52-week high today!

Shamita Nadkarni
/ Categories: Trending, Mindshare

This BSE 500 company delivered 3x returns in just two years.

Jamna Auto delivered 302 per cent returns in two years. An investment of Rs 1 lakh would have been more than 4 lakh today. 

Jamna Auto Industries Limited is the manufacturer of suspension for commercial vehicles. The company was primary to introduce parabolic springs in India. Its product portfolio comprises a full range of suspension solutions that serve the commercial vehicle industry in India. 

The company is aiming to become a global leader in Automobile Suspension Solutions. It has entered into a Technology Transfer and Technical Assistance Agreement with Tinsley Bridge Limited, UK for the transfer of TBL Extralite Spring Technology and Special Steel Technology to the company. 

The company also reported a robust Q4 performance and reported Net Sales at Rs 621 crore, a surge of 40 per cent QoQ and 28 per cent YoY. It reported a PAT of Rs 57 crore registering a 51 per cent QoQ and 19 per cent YoY increase. 

In a weak market, the company is soaring and it touched its fresh 52-week high at Rs 126.20 today. It has a 52-week low of Rs 78.20. At 11:40 am, the share price has jumped 4.76 per cent, and the scrip is trading at Rs 123.35.

Previous Article Watch out for these penny stocks locked in the upper circuit on June 29
Next Article Inflation continues to weigh heavy
Rate this article:
4.1

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR