1:1 Bonus Issue: Multibagger Auto Components Stock Falls 6.02% On New Bonus Update

NDR Auto Components Ltd shares today witnessed steep decline of 6.02% and fell over 9% in last 1-week. Current market price of NDR Auto Components shares on BSE is Rs 837.75 per share. NDR Auto Components shares offered attractive return of 647% in last 2-years and 181% in last 1-year. Earlier, the company had recommended 1:1 bonus share and fixed September 25 as the record date. The company's market capitalisation stood at Rs 1972.28 crore.

Board of Directors of NDR held a meeting today and approved the proposal to acquire approximately 25 acres of land at MITL, AURIC, Bidkin, Chhatrapati Sambhaji Nagar, Maharashtra, at an estimated cost of Rs.37.63 crores for future expansion plan of the Company. Check details below:

NDR Auto Components Issued Fresh Update On Bonus Share: As per the exchange filing of NDR dated October 4, 2024, "in continuation to our earlier disclosures, 1,18,92,652 Bonus Equity Shares of Rs. 10/- each issued by the Company are listed and admitted for dealing on the Stock Exchanges from October 04, 2024, pursuant to the approval letters received from BSE Limited and National Stock Exchange of India Limited dated October 03, 2024."

NDR Auto Components Shares Performance: The 52-week high price of NDR Auto Components shares on BSE is Rs 1040.50 per share (25/09/2024) and 52-week low price is Rs 282.50 per share (as on 26/10/2023), respectively. NDR Auto Components shares fell 9% in last 1-week, zoomed 100% year-to-date, and gave return of 720% in last 3-years.

NDR Auto Components About: NDR Auto Components Limited(NACL) is a part of the Rohit Relan Group which traces it origins to the 1930s when its founder, Late Shri N.D.Relan, started out as a stockbroker in the financial services sector. In the eighties, the group diversified into an entirely new sector -automotive manufacturing - establishing itself as a premier manufacturer of auto components under the name of Bharat Seats Limited and Sharda Motor Industries Limited (SMIL).

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