1:1 Bonus Share: Multibagger Small Cap Stock Issues New Record Date, Should You Buy/Sell?

NDR Auto Components Ltd shares today surged 4.77% to Rs 1875.00 per share on BSE. The small cap stock recommended 1:1 bonus share and revised the record date to September 25, 2024 from October 25, 2024. NDR Auto Components shares offered return of 133% in last 3-months only and gained 643% in last 2-years. The company's market capitalisation stood at Rs 2229.87 crore. Check details below:

NDR Auto Components Revises Record Date For 1:1 Bonus Share: As per the exchange filing of NDR Auto Components dated September 13, 2024, "we inadvertently mentioned the date of record date as October 25, 2024, instead of September 25, 2024, at one place in our earlier intimation of record date filed today. So, with reference to the captioned subject and our earlier intimation dated August 08, 2024, and pursuant to the provisions of Regulation 42 of the SEBI Listing Regulations, we wish to inform that the Company has fixed the Wednesday, September 25, 2024, as the Record Date for the following purpose, subject to the statutory/regulatory approvals as may be required."

NDR Auto Components Shares Performance: The 52-week high price of NDR Auto Components shares on BSE is Rs 1891.05 per share (17/09/2024) and 52-week low price is Rs 518.80 per share (as on 22/09/2023), respectively. NDR Auto Components shares zoomed 13% in last 1-week, soared 123% year-to-date, and offered return of 245% in last 1-year. NDR Auto Components stock surged 784% in last 3-years.

Should You Buy Or Sell NDR Auto Components? According to A R Ramachandran, Independent SEBI Research Analyst, "NDR Auto Components stock price is slightly bullish but also overbought on the Daily charts with next resistance at 1982. Investors should be booking profits at current levels as a daily close below support of 1731 could lead to target of 1575 in the near term."

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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The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.