Small Cap Tata Group Stock That Rallied Over 1500% In 3-Yrs, Do You Own?

Small cap Tata Group company operating in Auto Components & Equipments industry, Automotive Stampings & Assemblies shares have been witnessing rally for last couple of years. In last 3-years, Automotive Stampings shares gained 1580% and soared 33% in last 6-months. Check details below:

Automotive Stampings Stock Performance & Return: Last trading price of Automotive Stampings share BSE is Rs 428.50 per share with intraday gain of 1.22%. Its 52-week high price is Rs 482.00 per share and 52-week low price is Rs 246.15 per share, respectively. Automotive Stampings company has a market capitalisation of Rs 679.79 crore. Automotive Stampings shares offered return of 10% in last 1-month, gained 10% in last 1-year, jumped 100% in last 2-years, and surged 656% in last 5-years.

Automotive Stampings Q2 Results: The Company has earned profit before tax of INR 398.50 lakhs for the quarter ended September 30. 2023 and INR 781.11 lakhs for the half year ended September 30, 2023. As of September 30, 2023, the total liabilities exceeded its total assets by INR 1,958.74 lakhs as compared to INR 2,734.22 as at March 31, 2023.

The Company has carried out an assessment of the current and budgeted financial performance. On the basis of this assessment, available bank financing facilities and the financial suppon from the Holding company, the Company expects to address the uncertainty of its ability to meet the liabilities in the normal course of business, according to its BSE filing.

The company for the quarter ended September 2023 declared its standalone total income at Rs 212.32 crore, down 3.20% as against its last quarter total income of Rs 219.33 crore. It declared its net profit after tax at Rs 3.98 crore in the latest quarter.

Automotive Stampings & Assemblies About: Automotive Stampings and Assemblies Limited (ASAL) a TATA Autocomp Systems Limited subsidiary and a part of TATA Enterprise was incorporated as a Public Limited Company under the Companies Act, 1956 on March 13, 1990 as JBM Tools Limited and subsequently, on August 1, 2003 the name was changed to Automotive Stampings and Assemblies Limited. Automotive Stampings and Assemblies Limited (ASAL), manufacture and supplies sheet metal components, welded assemblies and modules for passenger vehicles, commercial vehicles and tractors, according to its official website.

Disclaimer: The stock just highlights the rally in shares 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.