Multibagger auto stock hit 10 per cent upper circuit on September 23 as shares of the company to trade ex-bonus after 2 days!

The stock gave multibagger returns of 130 per cent in just 3 months, 250 per cent returns in 1 year and a whopping 820 per cent in 3 years.

NDR Auto Components Limited has declared a bonus issue of one equity share for every one equity share held by existing shareholders. The record date for this bonus issue has been set as Wednesday, September 25, 2024. This means that shareholders who own shares on this date will be eligible to receive the bonus shares. The company will seek the necessary statutory and regulatory approvals for this bonus issue.

NDR Auto Components is a leading player in the automotive components industry, specializing in the design, manufacturing, and assembly of seat frames and trims for both four-wheelers and two-wheelers. Established in 2019, the company has rapidly expanded its operations to meet the growing demand for high-quality seating solutions. With manufacturing facilities strategically located across India, NDR Auto Components serves a diverse clientele, including major automotive brands like Maruti Suzuki, Toyota, and Suzuki. Their commitment to innovation and quality has enabled them to become a trusted partner in the automotive industry.

On Monday, shares of NDR Auto Components hit a 10 per cent upper circuit to Rs 1,862.45 per share from its previous closing of Rs 1,693.10. The company has a market cap of over Rs 2,200 crore with a 3-year stock price CAGR of 100 per cent. The shares of the company saw a spurt in volume by more than 1.60 times on BSE.

The shares of the company have a PE of 48x, an ROE of 16 per cent and a ROCE of 20 per cent. The stock gave multibagger returns of 130 per cent in just 3 months, 250 per cent returns in 1 year and a whopping 820 per cent in 3 years. Investors should keep on this micro-cap auto stock.

Disclaimer: The article is for informational purposes only and not investment advice.