Don’t miss action in this multibagger stock that is likely to announce bonus shares!
The scrip has a PE of 14.20x, a ROE of 20 per cent and a ROCE of 21.60 per cent.
GNA Axles Ltd informed that a meeting of the Board of Directors of the company has been scheduled to be held on Friday, July 21, 2023, at the Corporate Office of the Company at VPO Mehtiana Dist. Hoshiarpur / through Video Conferencing, Inter alia, to:
1. Consider and approve the unaudited financial results of the company, both standalone and consolidated, for the first quarter ended June 30, 2023 for the financial year 2023- 2024.
2. Proposal to consider issuance of bonus shares to the shareholders of the company.
GNA Axles is engaged in the business of manufacturing auto components for the four-wheeler industry, the primary product being rear axles, shafts, spindles & other automobile components for sale in domestic and foreign markets. The company has a market cap of over Rs 1,800 crore and reported excellent numbers in its Quarterly Results and annual results.
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On Monday, one of the Top Gainers on BSE, shares of GNA Axles zoomed 8.62 per cent to Rs 864.70 per share with an intraday high of Rs 891.40 and an intraday low of Rs 825. The shares of the company saw a spurt in volume by more than 13.26 times on BSE.
The stock is up by 75 per cent in just 1 year and gave multibagger returns of over 350 per cent in 3 years. The scrip has a PE of 14.20x, a ROE of 20 per cent and a ROCE of 21.60 per cent. Investors should keep an eye on this Small-Cap auto stock.