There was a tremendous sell-off in the shares of Autoline Industries during the Kovid period.
It has been running for the last five trading sessions. It has jumped 16 per cent during this period.
In two and a half years, this stock has given multibagger returns from Rs 9.70 to Rs 85.50.
New Delhi. Big Bull Rakesh Jhunjhunwala is a master at recognizing multibagger stocks. This is the reason why stock market investors always keep an eye on Big Bull’s portfolio. The stock of Autoline Industries included in Jhunjhunwala’s portfolio is also a multibagger. Today there is an upper circuit of 10 percent in this stock and this stock has reached the highest level of 52 weeks.
This stock has given 881 percent return in the last 30 months. On Monday, there was a tremendous rise in this stock and the stock closed at Rs 85.50 with a rise of 9.97 percent. There was a tremendous sell-off in the stock of Autoline Industries during the Kovid period and on 27 March 2020, the stock had reached Rs 9.70. But this stock made a strong comeback in the post covid rally.
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The stock of Autoline Industries has already done well for its investors in just two and a half years. In this period, this stock has reached Rs 85.50 from Rs 9.70. The stock has jumped 16 per cent in the last five trading sessions alone. In the last one month, this stock has given returns of about 40 percent to the investors. A month ago its price was Rs 60.45. Similarly, in the year 2022, there has been a jump of 45 percent in this stock.
In two and a half years, 1 lakh became about 9 lakh rupees
If an investor had invested one lakh rupees in this stock two and a half years ago, today his money has increased more than eight times to Rs 8,81,443. In this way, it has got a multibagger return of 881 percent in this period. Similarly, if an investor had invested one lakh rupees in this stock in the beginning of the year 2022, then today his investment has taken the form of Rs 1,45,038.
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Rakesh Jhunjhunwala’s stake
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own shares of Autoline. According to the company’s shareholding pattern for the June quarter, Rakesh Jhunjhunwala holds 10,20,000 shares or 2.62 per cent. At the same time, his wife Rekha has 7,31,233 shares or 1.88 percent stake. In this way, both have 4.50 percent stake in the company. The Stock of Autoline Industries is a small cap share and its market capitalization is Rs 333.14 crore. Its market volume stood at 3,53,968 on Monday, which is almost double its average market volume for 20 sessions.
Tags: Money Making Tips, Multibagger stock, Rakesh Jhunjhunwala, stock market
FIRST PUBLISHED : August 08, 2022, 17:15 IST