ZF Commercial Vehicle Control Systems India: The Multibagger Stock that Made Investors Rich in 14 Years
Investors often look for penny stocks to become millionaires quickly through the stock market. However, some companies with strong fundamentals and high stock prices can also make their investors millionaires. ZF Commercial Vehicle Control Systems India is one such stock that has made investors rich with its share price of INR 108, which has increased by a whopping 10508% to INR 11429.95 in just 14 years. The stock has gained 28% this year and 8% this month, reaching a record high on Friday.
Investment Target and Share Price
Jeetendra Sharma, BNP Paribas’ Paribas’ research analyst, has given a target of INR 12586 for ZF Commercial Vehicle Control Systems India’s share price, which is almost 10% higher than the current level. The stock is currently trading at INR 11429.95 on the BSE.
Multi-loser Stocks
While ZF Commercial Vehicle Control Systems India has made investors rich, some stocks have wiped out their money. As per a Moneycontrol report, seven stocks have turned out to be wrong options for portfolio investors, and their value has come down to less than INR 1,000 from INR 1 lakh.
14-Year Journey to INR 1 Crore
ZF Commercial Vehicle Control Systems India’s share price was INR 107.75 on March 13, 2009. It has since gained 10508% to reach INR 11429.95, making investors millionaires in just 14 years. The stock was trading at INR 6893.25 a year ago and reached a record high of INR 11649.90 on June 9, 2023.
Details of ZF
ZF is a German company that supplies parts to passenger and commercial vehicles, as well as to the rail, marine, defense, and aviation industries. Its Indian unit, ZF India, operates in the country through joint ventures with three entities and 14 other entities. The company has 18 manufacturing locations across the country, with its regional headquarters in Pune.
ZF’s Products and Financial Health
ZF manufactures active-passive safety systems, steering systems, clutch systems, gearbox, axles systems, powertrain, and chassis components. Its net profit for January-March 2023 quarter increased by over 18% to INR 101.21 crore, and its revenue increased by almost 12% to INR 977.28 crore. The company is distributing a dividend of INR 13 per share with a face value of INR 5 for the financial year 2023, with the record date being July 7.
Disclaimer
The advice or thoughts given on Moneycontrol.com are those of experts or brokerage firms, and the website or management is not responsible for it. Users are advised to seek certified experts’ advice before making any investment decisions.
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