News for Automotive Stampings and Assemblies Limited (ASAL.BO)

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.

Multi Commodity Exchange of India, Mahindra Logistics and Dolat Agrotech posted a 1,512%, 1,467% and 1,048% rise in net profit in Q4FY24.

The quarterly earnings season commenced in the second week of April and remains ongoing, with more than 260 companies slated to announce their fourth-quarter earnings throughout this week.

Many of the data points indicate that the current sideways trend is possibly a distribution, and the Nifty index may eventually drift lower

In this week, the Indian rupee lost some ground against the US dollar, as domestic unit fell 11 paise to close at 83.03 in the week ended February 9 against the February 2 closing of 82.92.

Nifty found support at the 20DMA for the second day in a row, on Friday. The trend could weaken if it decisively drops below 21,690. A decisive fall below 21,690 may trigger a correction towards 21,500, says Rupak De, Senior Technical Analyst, LKP Securities.

The last Tata firm to go public was TCS in 2004. Since then, Titan Company has seen the biggest gains, jumping a whopping 49,395 per cent

Tata Power Company, with a current m-cap of Rs 66,271 crore is at sixth place among Tata group gainers This power generation and distribution company saw its shares jumping 152 per cent in two years from Rs 82 to Rs 207 level.

Tata group companies have been some of the leading stocks this year on NSE to give high returns to the shareholders. Here top two Tata stocks have been discussed, those became multibagger in the last 1 year, giving upto 750% return.

Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.

Stock of Automotive Stampings & Assemblies has delivered stellar returns to investors in the last one year. The stock, which is part of the Tata Group, closed at Rs 578.05 on April 22, 2022 against Rs 31.65 on April 22, 2021, translating into a gain of 1,726 per cent during the period. In comparison, Sensex gained 18.96 per cent in one year.

The stock market, which initially went haywire due to the fear of the unknown, recouped as soon as things became “known unknown”, with investor wealth, as suggested by BSE market capitalisation, jumping 2.5 times during the period.

A host of factors have dragged broader Indian indices -- BSE Midcap and Smallcap.

Of late the auto industry faced a severe chip crisis, nevertheless with the improvement in supply of chips as well as rebound in vehicle sales the outlook for the sector has improved. And if the auto industry flourishes, auto ancillary will also get its due share

Penny stocks are generally considered those which trade in a single-digit or penny price or those which have a very low market cap.

Read more about Over 850 Indian penny stocks more than doubled in the past 18 months: Data on Business Standard. Some penny stocks or low-priced stocks have given massive returns in the past 18 months with 102 stocks rising over 1000% and 10 stocks rising over 5000 per cent.