Automotive Stamping and Assembly
We’re going to talk about automotive stamping and assembly. Its stock has proved to be a multibagger stock in 6 months. The stock was at Rs 75.90 on NSE on 25 October 2020, whereas today it is at Rs 572. In this short span of time, this stock has achieved a growth of about 653.52 percent. Due to this, 50 thousand rupees of investors have become more than Rs 3.75 lakh.
made rich in 1 year
Automotive Stamping and Assembly is a Tata Group company. Its stock has proved to be a panic stock in 1 year. The stock stood at Rs 33.80 on 26 April 2021, while it is now at Rs 572. The stock has achieved a growth of about 1,592.31 percent during this period. With this the investors’ Rs 1 lakh has become Rs 16.92 lakh. Its parent company is Tata Autocomp Systems Limited.
1 month return
The current market capitalization of Automotive Stamping and Assembly is Rs.940.71 crores. Its stock has given very good returns in 1 month. The stock stood at Rs 457.95 on March 24, 2022, while it is now at Rs 572. The stock has achieved a growth of about 24.90 percent during this period. With this the investors’ Rs 4 lakh has become Rs 5 lakh.
52 weeks peak
Automotive Stamping & Assembly has a 52-week high of Rs 925.45 and a low of Rs 31.10. The company was incorporated in March 1990. The stock has fallen 2.22 per cent in the last five trading sessions, down more than 17 per cent in 2022 so far. Its 5-year return has been 674 per cent.
what is its business
Automotive Stampings & Assemblies Ltd. manufactures and supplies sheet metal components, welded assemblies and modules for automobiles. Its product range includes body-in-white (BIW) structural panels, skin panels, fuel tanks, rear twist beams, oil sump and suspension. The company currently operates two state-of-the-art plants – one in Pune, Maharashtra and the other in Pantnagar, Uttarakhand. Its partners include Tata Motors Limited, General Motors, Fiat, Piaggio, Ashok Leyland. Automotive Stampings and Assemblies Limited is a subsidiary of Tata Autocomp Systems Limited and part of Tata Enterprise, which was incorporated on March 13, 1990 as a Public Limited Company under the Companies Act, 1956 with the name of JBM Tools Limited and It was later renamed Automotive Stamping on 1 August 2003.