This auto ancillary company made a new 52-week high on the bourses on August 8! Do you own it?
The shares of this Small-Cap company also hit the upper circuit at Rs 85.50 per share on BSE on August 8, 2022.
The shares of Autoline Industries Ltd touched the upper circuit twice in the last week and continued to soar on Monday.
Established in 1996, Autoline Industries Ltd is a prominent auto components manufacturer & supplier to OEMs as well as other automobile companies. It manufactures sheet metal components, sub-assemblies, assemblies, foot control modules, etc. for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, and so on.
The scrip of this Pune-based small-cap company has made its way into the Big Bull’s Rakesh Jhunjhunwala’s portfolio.
According to BSE, as of June 30, 2022, ace investor Rakesh Jhunjhunwala holds 10,20,000 shares or 2.62 per cent stake in the company whereas his wife Rekha Jhunjhunwala holds 7,31,233 shares or 1.88 per cent stake that tallies to 17,51,233 company shares, which is 4.50 per cent of the total paid-up capital of the company.
This Rakesh Jhunjhunwala stock is a small-cap with a market cap of Rs 333 crore. Its current market volume at the time of market closing on Monday stood around 3,53,968, which is more than double its average volume in the last 20 sessions. The company is expected to give a good quarterly performance in Q1FY23. The stock closed 9.97 per cent higher at Rs 85.50, on the BSE on Monday.
Watch out for this scrip in the upcoming trading sessions!