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

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.

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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.