DSIJ Mindshare

In the past 1 year, the benchmark indices have plummeted where BSE Sensex Index is down by 2.48 per cent and NSE Nifty-50 Index is down by 3.63 per cent.

Nifty auto index is considered one of the major sectoral indices on NSE. The Index is primarily used to gauge the performance in the automobile sector in India.   

Like NIFTY 50 Index, the NIFTY Auto Index is also calculated using the free float market capitalization method. The index level reflects the total free float market value of all stocks in the index relative to a particular base market capitalization value.  

This rags-to-riches story of a penny stock seems to come straight from a fairy tale world to real life. Can you believe a stock that was trading in single-digit a couple of years back is now trading in three digits? Hard to believe but it is true!  

On Monday, shares of the company gained about 3 per cent.

Since the stock is listed on the exchanges (April 13, 2012) the stock gave multibagger returns of 465 per cent till today.