Scripscan:Automotive Stampings & Assemblies Ltd
cmp:40
Code:520119
Story:Tata Steel, Tata Motors, TCS, Indian Hotels, JLR , Titan? Everyone is familiar with the crown jewels of the Tata empire. But there''s a lot more to the group than the big companies that make headlines ever so often.Here's a relatively less-known part of the diversified global conglomerate.Tata Group companies have always drawn the attention of investors for their transparent business practices and investor friendliness. And, with the recent appointment of Cyrus Mistry as the successor of Ratan Tata, these companies are again in the limelight. While media reports have pondered over what this appointment means to the country''s oldest business house, much attention has been also paid to the top breadwinners in the conglomerate.I decided to analyse the smaller players in the group to understand what lies ahead for them and to help investors pick and choose the right bets.I have already discussed TRF and voltas in my previous posts.Formerly known as JBM Tools, ASAL is part of the Tata AutoComp (TACO) group, the country''s leading automotive components conglomerate. The company is engaged into the production of a wide range of sheet metal components for passenger and commercial vehicles and tractors.ASAL has posted a drop in sales and profit since last two quarters. It raised 29.5 crore through a rights issue in July this year. The company's stock has depreciated since last year, underperforming the broader market indices.
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