New Delhi: Shares of one other firm related to Tata Group have accomplished wonders. The identify of this auto element manufacturing firm is Car Company of Goa Restricted (ACGL). Its shares broke the file of 52 consecutive weeks final week. Traders have made large income from this nice efficiency. ACGL is definitely a three way partnership of Tata Motors and EDC (previously Financial Growth Company of Goa, Daman and Diu Restricted). It was established in Goa in 1980. The shares of this firm have jumped so quick that the cash of the buyers has elevated manifold. With a 40 % return in only one week, it will not be mistaken to name ACGL shares a multibagger. Shares have risen 138.32% to date this yr Based on BSE information, ACGL shares have risen 138.32 % to date in 2024.
Make 1 lakh into 7 lakhs in three years If somebody had invested Rs 1 lakh within the shares of this Tata Motors promoted firm three years in the past, then at this time their funding would have elevated manifold. On August 3, 2021, the share of ACGL on BSE was at Rs 473.5, which has now elevated to Rs 3363.25. On this method, an funding of Rs 1 lakh made three years in the past would have turn out to be Rs 7 lakh at this time.
Tata Motors holds 48.98% shares of ACGL i.e. 29,82,214 fairness shares. The corporate has reported a revenue of Rs 18 crore with a 77% improve in its PAT within the April-June 2024 quarter. Throughout this era, the corporate’s income grew by 34.67 % to Rs 203.32 crore.