Shares of Automotive Stampings and Assemblies Ltd, a Tata Group Stock got locked at 5% upper circuit on Wednesday. Its share price has increased by 21.52% in the last 5 days. Despite the Russia-Ukraine conflict, the shares of this company surged from ₹256.60 to ₹556, giving 116.67% returns in one month.
In the past six months, its share price has increased by 815.30% from ₹60.80 levels and in the past year, the share price surged 1612.31% from ₹32.50, thereby giving investors multibagger returns.
If an investor would have invested ₹1,00,000 a year ago, their investment would have been worth ₹ 17,12,310. Similarly, if an investor would have invested the same amount only a month ago, their investment would have been worth ₹ 2,16,570.
On 11th January 2022, it had ascended to a 52 week high of ₹ 925.45 apiece on the NSE. However, after the outbreak of the Russia Ukraine conflict, the multibagger stock took a nosedive and reached ₹244 levels on February 25, 2022.
The company manufactures and supplies sheet metal components, welded assemblies and modules for automobiles. The company was incorporated on March 13, 1990, and was promoted by S.K. Arya and associates and Haryana State Industrial Development Corporation Ltd. (HSIDC). In 2004, Tata Autocomp Systems Limited acquired 48.809% of the share capital of ASAL.
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