Multibagger Stock: JBM Auto Shares Provide Investors with a Whopping 9962% Return in 10 Years
If you had invested in JBM Auto shares 10 years ago, you would have gained a 9962% return on your investment. This auto manufacturing company has provided investors with bumper returns over the past decade, with a total investment of ₹10,000 turning into approximately ₹10 lakhs. Currently, the company’s share price stands at ₹982.65, with a market cap of approximately ₹11,619 crores.
JBM Auto primarily manufactures automotive products and has a majority shareholding with promoters holding 67.52% of the company. The remaining 32.47% is owned by public shareholders, with mutual funds holding a minor share of 1.67%, while foreign investors hold a 1.67% stake, and retail investors have a combined shareholding of 9.36%.
The company’s sales have increased from ₹1364 crores in the financial year 2023 to ₹3857 crores, with profits rising from ₹57 crores to approximately ₹124 crores.
Expert Opinion: Analysts have high hopes for JBM Auto shares, with GCL Broking Research Analyst Vaibhav Kaushik suggesting investors maintain a closing basis stop loss of ₹870, which could rise to ₹1200. Swastika Investmart’s Gaurav Goyal suggested that in the short term, the shares could rise to ₹1100, while Arihant Capital’s Ratanesh Goyal suggested a buy limit of ₹880 to ₹850, with an estimated target of ₹1100.
Key Takeaways:
– JBM Auto shares have provided investors with a whopping 9962% return on investment over the past decade.
– The company has a majority shareholding with promoters holding 67.52% of the company.
– Sales have increased from ₹1364 crores to ₹3857 crores, with profits rising from ₹57 crores to approximately ₹124 crores.
– Analysts suggest maintaining a closing basis stop loss of ₹870, which could rise to ₹1200, with a short-term target of ₹1100.
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