DSIJ Mindshare

The company achieves a milestone with 1,00,000 Royal Enfield export shipments. The Board of the Company approved a dividend of Rs 37 per share declared for FY22-23, totalling Rs 1,011.88 crore (37 per cent of PAT). The Board also approves Rs 1,000 crore capex for FY23-24, including investment in EV manufacturing, product development, and new products.

From Rs 306 per share to Rs 3,647.20 per share, the stock gave multibagger returns of 1092 per cent in just 1 decade.

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.