In this article we read about Back-to-back upper circuit in this micro-cap multibagger stock. Shares of NDR Auto Components Limited remained trapped in the upper circuit on Tuesday, climbing 5.00 per cent. The stock also achieved a 52-week high of Rs 965.45. In the last six months, the stock has increased around 63 per cent.
NDR Auto Components Limited has also generated multibagger returns to its stockholders. During this period, shares of NDR Auto Components Limited increased from Rs 394.65 on July 11, 2022, to Rs 965.45 on July 11, 2023, an increase of almost 144 per cent in a one-year holding period.
In Q4FY23, the revenue of the company amounted at Rs 130.26 crore which climbed by 63.65 per cent YoY. The operational profit of the company amounted at Rs 13.64 crore which climbed 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 engages in the auto components sector and makes seat frames and trims for four-wheelers and two-wheeler vehicles and other accessories connected to car seats. It was listed post-demerger of the vehicle seating business from Sharda Motor Industries Limited.
The stock has grown more than 500 per cent in the last three years, and investors should keep a close check on this stock.