This auto ancillary stock, has outperformed the sectoral index, delivering more than 11 per cent returns in just one month and surging almost 94 per cent in just one year! 

The weakening global economic environment has spiked up the bond yields and dollar index, which fostered fears of recession. Fading the morning losses, the benchmark indices ended marginally lower with Nifty 50 closing 0.24 per cent down and Sensex ending lower by 0.33 per cent.  

Could the bonus announcement trigger a decent rally in the stock price or will it reclaim its 52-week high?

Over the last 3 months the scrip has furnished exceptional returns of 394 per cent.

In a recent development, the company announced that its subsidiary - GHG Reduction Technologies Pvt Ltd has completed the capacity expansion to achieve one of the highest production capacities in the world.   

Year-to-date, the stock is up by 1,060 per cent and over the last three months, it has furnished returns of 144 per cent.    

The shares surged 7.42 per cent on the day. 

Nifty 50 and Sensex recorded losses of 0.24 per cent and 0.33 per cent to end at 16,818.1 and 56,409.9 respectively.

In a span of less than a month, the stock has delivered over 100 per cent returns!  

BSE Sensex closed in the red territory at 56,409.9 with losses of 0.33 per cent.