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The IPO of Tata Technologies, a Tata Group company, is in the news these days. People are betting heavily on the company’s IPO. People are aware of most of the Tata Group companies. But, there are some companies that few people would know are part of the Tata Group. One such company of Tata Group is Automotive Stampings and Assemblies. Shares of this Tata Group company have increased by more than 3300% in the last three and a half years. During this period, shares of Automotive Stampings and Assemblies (ASAL) traded at Rs. 12 to Rs. There have been 400.
A rapid increase of over 3300%
Shares of Tata Group company Automotive Stampings and Assemblies on March 27, 2020, closed at Rs. Was at 12.60. On November 23, 2023, the shares of the company were Rs. closed at 432.95. Shares of Automotive Stampings & Assemblies have surged 3336% during this period. If a person invests in Automotive Stampings and Assemblies shares on March 27, 2020 for Rs. 1 lakh and had kept the investment, the present value of this share would be Rs. 34.36 lakh would have been. The parent company of Automotive Stampings and Assemblies is Tata Autocomp Systems Limited.
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Shares of the company jumped 185% in 2 years
Shares of Tata Group company Automotive Stampings and Assemblies have surged 185% in the last two years. On November 18, 2021, the shares of the company were Rs. were at 152.30. On 23 November 2023, the shares of the company have reached Rs 432.95. Shares of Automotive Stampings and Assemblies have jumped nearly 37% in the past 6 months. At the same time, the company’s shares have gained nearly 10% in the past one month.
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What does the company do?
Automotive Stampings and Assemblies Limited (ASAL) manufactures sheet metal components, welded assemblies and modules for passenger vehicles, commercial vehicles and tractors. The company has one plant in Pune, Maharashtra and another plant in Pantnagar, Uttarakhand. The company’s client list includes Tata Motors, Fiat, Piaggio and Ashok Leyland names like