This multibagger auto stock hits upper circuit for 15 consecutive days

The market capitalization of Hindustan Motors is 532 Crore and operates as a small-cap company in the Automobile Industry. In its Uttarpara and Pithampur divisions, the firm now manufactures Ambassador (1500 and 2000 cc diesel, 1800 cc petrol, CNG and LPG variants) and light commercial vehicle 1-ton payload mini-truck Winner (2000 cc diesel and CNG). According to the Hindustan Motors website, the firm also has a plant in Pithampur, Madhya Pradesh, near Indore, where it manufactures 1800 cc CNG and other versions.

Hindustan Motors shares are closed in upper circuit since last 15 sessions, and stock is currently closed 25.55, up 4.93 per cent from its previous close of 24.35. As of June 14, 2022, 13:50 PM, the number of trades on BSE is 1,34,507. The stock touched a new 52-week high in today’s trading 25.55 and made a 52-week low of 7.00 on 22/09/2021 indicates that the current is at the upper circuit limit 25.55 share is trading 265% higher from its 52-week low.

Hindustan Motors is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages and has risen over the last 18 days, giving a multibagger gain of 146.15 per cent. As the stock opened with a gain of 4.93 percent today and . reached an all-time high of 25.55, it outperformed the sector by 5.22 percent. The stock has gained 21.43 per cent in the last five trading days, and has gained 132.88 per cent in the past month. 10.95 to the current level.

Over the past six months, the stock has risen from 11.60 on December 14, 2021 25.55 today, represents a multibagger return of 119.83 per cent. Year-to-date (YTD), the stock has increased from At the current level of 107.32 per cent from 12.30 on January 3, 2022, which represents a multi-bagger gain of 107.32 per cent in 107.32. 8.90 on June 14, 2021 at the current level, representing a multi-bagger gain of 186.52 per cent in a year. YTD, the stock has outperformed the Sensex by up to 96.24 per cent, and in one year, it has outperformed the Sensex by as much as 186 per cent. Promoters hold 32.34 per cent of the firm, financial institutions (FIs) hold 1.29 per cent and the general public holds 58.41 per cent.

The stock is currently trading at a PE of 28.53, which is high, and the stock cannot be considered a long-term buy as the ROE and ROCE are currently negative over the past 2 to 3 years, and the firm performed poorly with profits. Is. Growth of more than 50% during the last 2 to 3 years. As per the latest RSI indicator, the stock is in overbought territory. 92.

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