Multibagger from its 52-week low; Board announced bonus shares and dividend!

Multibagger from its 52-week low; Board announced bonus shares and dividend!

Kiran Shroff

The stock is up by 43 per cent in 1 month and over 100 per cent in just 1 year.

NDR Auto Component Ltd, a leading manufacturer of seat frames and seat trims announced that the Board of Directors of the company have approved bonus share in the ratio of 1:1 and declared a final dividend of 50 per cent or Rs 5 per equity share having a face value of Rs 10 each.

The company also informed that the book closure from July 13, 2023 to July 19, 2023 (both days inclusive), with a cut-off date of July 12, 2023 is only for the purpose of dividend and Annual General Meeting (AGM). The record date for the purpose of determining eligible shareholders entitled to receive bonus shares shall be intimated after the AGM.

 

DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here

 

On Friday, shares of NDR Auto Component Ltd gain 1.22 per cent to Rs 842.30 per share with an intraday high of Rs 854 and an intraday low of Rs 835.90.

NDR Auto Component operates in the auto components industry and manufactures seat frames and trims for four-wheelers and two-wheeler vehicles and other accessories relating to car seats.

According to the financials, NDR Auto has a market cap of Rs 500.86 crore with a 1-year CAGR of 110 per cent. The company reported amazing numbers in its Quarterly Results (Q4FY23) and annual results (FY23).  

The stock gave multibagger returns of 183.44 per cent from its 52-week low of Rs 301.30 per share. Investors should keep an eye on this micro-cap stock under the radar.

Previous Article Stocks to watch: These small-cap stocks will be in focus on Monday!
Next Article Low PE and High ROE multibagger stock:  Shares of this small-cap company hits 52-week high as the Board announces 150 per cent dividend!
Rate this article:
3.6

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