Vijay Kedia bought 4,30,000 shares and Societe Generale bought 1,41,190 shares in this multibagger auto company; stock hits back-to-back 52-week highs!
Vijay Kedia bought 4,30,000 shares and Societe Generale bought 1,41,190 shares in this multibagger auto company; stock hits back-to-back 52-week highs!

Vijay Kedia bought 4,30,000 shares and Societe Generale bought 1,41,190 shares in this multibagger auto company; stock hits back-to-back 52-week highs!

Since its listing which is December 30, 2002, the stock has gained a whopping 40,000 per cent.

Kiran Shroff Article rating: 4.1

According to the quarterly results (Q1FY24), the company reported a net sales of Rs 59.65 crore, an operating loss of Rs 4.25 crore and a net loss of Rs 9.41 crore. In FY23, net sales increased by 62.85 per cent to Rs 513 crore compared to net sales of Rs 315 in FY22. The company reported a net profit of Rs 3 crore in FY23 compared to a net loss of Rs 25 crore in FY22.

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