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This share has given 5000% return in 4 years, it has a Ratan Tata connection...
The company's market cap stands at Rs 1,539 crore. An investment of Rs 1 lakh in this share four years ago would now be worth over Rs 50 lakh.
Updated : Jul 19, 2024, 10:19 AM IST
 "Ratan Tata")
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When it comes to trust, the Tata Group is at the forefront. Whether it's about purchasing a product or planning an investment, the Tata Group consistently excels. This is why one of Tata Group's shares has delivered over 5000% returns in the past four years. This share, which has surged from Rs 18 to over Rs 950, belongs to Tata Group's Automotive Stampings and Assemblies Limited (ASAL).
ASAL manufactures sheet metal components for passenger vehicles, commercial vehicles, and tractors. The share closed at Rs 970.65 in the last trading session, with a 52-week high of Rs 1,094 and a low of Rs 372. The company's market cap stands at Rs 1,539 crore. An investment of Rs 1 lakh in this share four years ago would now be worth over Rs 50 lakh.
Four years ago, on July 17, 2020, ASAL's share price was Rs 18.75. In the last trading session, it closed at Rs 970.65, marking a 5075% increase. An investor who put Rs 1 lakh into the share on July 17, 2020, would now see that investment grow to Rs 51.76 lakh, provided they held onto the investment throughout this period.
In the past year alone, ASAL's share has surged by 142%. On July 17, 2023, the share price was Rs 401.05, and it has since climbed over Rs 500 to reach Rs 970.30 on July 17, 2024. Over the last six months, the share has doubled investors' money, delivering a return of over 100%. Specifically, the share has achieved a return of 130% in this period.
Tata AutoComp Systems Limited holds a 75% stake in Automotive Stampings & Assemblies Limited, while the public holds the remaining 25%. The company operates plants in Pune and Pantnagar.
