{"id":105033,"date":"2023-07-07T18:55:37","date_gmt":"2023-07-07T13:25:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105033"},"modified":"2023-07-07T18:55:38","modified_gmt":"2023-07-07T13:25:38","slug":"multibagger-auto-stock-with-128-returns-announces-11-bonus-issue-check-the-details-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-auto-stock-with-128-returns-announces-11-bonus-issue-check-the-details-here\/","title":{"rendered":"Multibagger Auto stock with 128% returns announces 1:1 bonus issue; Check the details here\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1833970261\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this auto company surged by more than 9 percent after it announced a 1:1 bonus issue on June 21, 2023, along with its earnings for the March quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3705788463\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NDRAUTO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">NDR Auto Components<\/a><\/strong> is a small-cap company that is engaged in the manufacturing of seat frames and trims for four-wheelers and two-wheeler vehicles and other accessories relating to car seats.\u00a0<\/p><p>The company informed the bourses that it has announced a bonus issue in the ratio of 1:1 and it has set July 24, 2023 as the record date for the same. Therefore, eligible shareholders will receive one bonus equity share for every equity share held in the company, as on the record date. The bonus issue is subject to the approval of the shareholders and other applicable statutory and regulatory approvals.&nbsp;<\/p><p>NDR Auto Components\u2019 consolidated net profit during the March quarter (Q4FY23) jumped 64.22 percent to \u20b9 9.96 crore compared to \u20b9 6.06 crore in the same period last year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1890613196\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In the past year, the company\u2019s share price increased by 126 percent to give multibagger returns. Therefore if an investor had invested \u20b9 1 lakh in its shares a year ago, the value of their holdings would have been \u20b9 2.26 lakhs today!&nbsp;<\/p><p>With a market capitalization of \u20b9 518 crores, NDR Auto Components is a micro-cap company. It has a low return on equity of 13.74 percent but an ideal debt-to-equity ratio of 0.15. Its shares were trading at a price-to-earnings ratio (P\/E) of 18.44, which is significantly lower than the industry P\/E of 46.57, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-221576141\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this auto company surged by more than 9 percent after it announced a 1:1 bonus issue on June 21, 2023, along with its earnings for the March quarter.&nbsp; NDR Auto Components is a small-cap company that is engaged in the manufacturing of seat frames and trims for four-wheelers and two-wheeler vehicles and other [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9892,9890,9889,948,936,9891],"class_list":["post-105033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ndr-auto-bonus-issue-2023","tag-ndr-auto-latest-news","tag-ndr-auto-share-price","tag-stock-market","tag-stock-market-news","tag-whyis-ndr-auto-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger Auto stock with 128% returns announces 1:1 bonus issue; 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