From Rs 257 to Rs 972, this stock increased by more than 250% in one year, investors became rich

Multibagger Stock: Shares of JBM Auto Limited have given more than 250 percent return to its shareholders in the last one year. On Monday, the stock rose 9 percent to a high of Rs 972.4 on the Bombay Stock Exchange (BSE) in a weak market.

The small-cap stock rose after the company announced that its board would consider a stock split proposal at a meeting on December 8. “The Board of Directors of the Company is scheduled to meet on December 8, 2021 and approve the proposal for sub-division of the equity shares of the Company with a face value of Rs 5 each,” JBM Auto said.

In the last one year, the share price has increased from Rs 257.9 to Rs 972.4 – giving about 278 per cent returns in this period. Its stock has jumped nearly 230 percent since the beginning of this year.

An amount of Rs 5 lakh invested in this multibagger stock a year ago would have become Rs 18.9 lakh today. With a market capitalization of over Rs 4,000 crore, the shares are trading higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

According to Marketsmojo, the company has declared positive results for three consecutive quarters. The technical trend has corrected from mildly bullish as on October 4, 2021 and has earned 70.31% returns since then.

The stock is technically in a bullish range right now and many factors for the stock are bullish like MACD, Bollinger Bands, KST, Dow and OBV.

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