Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; hits fresh 52-week high!

Shares of the company gained more than 60 per cent in the last six months.

Shares of NDR Auto Components Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock also made a 52-week high of Rs 965.45. In the last six months, the stock has gained about 63 per cent.

NDR Auto Components Limited has also delivered multibagger returns to its shareholders. During this period, shares of NDR Auto Components Limited surged from Rs 394.65 on July 11, 2022, to Rs 965.45 on July 11, 2023, an increase of about 144 per cent in a one-year holding period.

In Q4FY23, the revenue of the company stood at Rs 130.26 crore which increased by 63.65 per cent YoY. The operating profit of the company stood at Rs 13.64 crore which increased by 89.87 per cent on a YoY basis, while the PAT of the company stood at Rs 7.50 crore, which increased by 111.5 per cent YoY.

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. It was listed post-demerger of the automobile seating business from Sharda Motor Industries Limited.

The stock has gained more than 500 per cent in the last three years, and investors should keep a close eye on this stock.