Autoline Industries stock had a great sell-off during the Covid period.
This has been going on for the last five trading sessions. It jumped 16 percent during the period.
In two-and-a-half years, this stock has given multibagger returns ranging from Rs 9.70 to Rs 85.50.
New Delhi. Big Bull Rakesh Jhunjhunwala is adept at spotting multibagger stocks. This is why stock market investors always keep an eye on the portfolio of Big Bulls. Autoline Industries stock in Jhunjhunwala’s portfolio is also a multibagger. Today the stock has an upper circuit of 10 percent and the stock has reached a 52-week high.
This stock has returned 881 percent in the last 30 months. On Monday, this stock had a phenomenal rise and the stock closed at Rs 85.50 with an increase of 9.97 percent. Autoline Industries stock had a great sell-off during the Covid period and the stock touched Rs 9.70 on 27 March 2020. But this stock made a strong comeback in the post-Covid rally.
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Now bounce again
Autoline Industries stock has done well for its investors in just two and a half years. During this period, this stock rose from Rs 9.70 to Rs 85.50. The stock has jumped 16 percent in the last five trading sessions alone. The stock has given investors nearly 40 percent returns in the past one month. A month ago it was priced at Rs 60.45. Likewise, the stock has seen a 45 percent jump in 2022.
1 lakh in two and a half years becomes about nine lakh taka
If an investor had invested Rs 1 lakh in this stock two and a half years ago, today his money has increased more than eight times to Rs 8,81,443. Thus, it got 881 percent multibagger return during this period. Similarly, if an investor had invested Rs 1 lakh in this stock at the beginning of 2022, today his investment has turned into Rs 1,45,038.
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Rakesh Jhunjhunwala’s bet
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own shares in Autoline. According to the company’s shareholding pattern for the June quarter, Rakesh Jhunjhunwala holds 10,20,000 shares or 2.62 percent. At the same time his wife Rekha has 7 lakh 31 thousand 233 shares or 1.88 percent shares. Thus both have 4.50 percent shares in the company. Autoline Industries stock is a small cap share and has a market cap of Rs 333.14 Crore. Its market volume on Monday stood at 3,53,968, almost double the market average for 20 sessions.
Tags: money making tips, Multibagger stock, Rakesh Jhunjhunwala, capital market
First Published: August 08, 2022, 17:15 IST