Multibagger returns in just 1 month: Back-to-back upper circuits in this low price auto ancillary stock, hit 52-week high today!

The company's shares have delivered a multibagger return of around 488 per cent in the past three years.

The shares of Hindustan Motors Limited were locked in the upper circuit on Friday, gaining 5 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 154 per cent.

Shares of this Small-Cap company Hindustan Motors have also delivered multibagger returns of around 108 per cent in the past month only and around 488 per cent in the past three years. On Friday the stocks closed the day at Rs 40.09 per share. Furthermore, the company’s stock hits 52-week high today.

In terms of ownership, the promoters hold 32.33 per cent, while FIIs and DIIs hold 0.04 per cent and 2.65 per cent, respectively. The remaining 64.98 per cent is held by public investors.

The company has not yet released its Quarterly Results so far and it is expected to announce soon.

Hindustan Motors Limited is an India-based company primarily engaged in the manufacture and sale of vehicles, spare parts of vehicles, steel products, and components. The company is also involved in trading spare parts for vehicles. The automobile division at Uttarpara is engaged in the manufacture of the iconic Ambassador and the light commercial vehicle Winner. Additionally, its Pithampur (Madhya Pradesh) plant produces 1800 cc CNG and other variants of the vehicle Winner.

Investors should keep a close eye on this small-cap stock.