In a year, this multibagger penny stock yields an 189% return

In only a single year, AA Plus Tradelink’s stocks have become a multi-bagger. As of April 24, the stock’s price is Rs 14.45. The share has returned more than 30% to investors in only one month. The stock prices has soared to around 189% in only a single year.

But during the course of three years, the share’s price fell by around 17%. On April 23, the share ended higher by more than 5%. In the previous several trading sessions, the price of the penny stock has fluctuated between 6 and 10 percent. The stock is predicted to reach new heights and is currently trending higher.

Investors’ money has quadrupled in AA Plus Tradelink shares in only a single year. The small-cap penny stock increased by almost 11% last week. On July 22, 2021, the small-cap stock debuted on the market at a price of Rs 13 per share. The stock’s price dropped to Rs 4.84 in 2022. The stock’s price trended upward in the beginning of 2023 before plunging to an all-time low of Rs 4.70. The stock shot to its all-time high in June 2023, not long after hitting its all-time low. At that time, the share price was Rs 18.55. Subsequently, however, the share price fell once again, but it kept trending higher, yielding a return of more than 180%.

Due to its recent announcement of its investment in the agricultural industry, the corporation has been in the headlines for a few days. A strategic acquisition of pesticides and fertilizers from Murae Organisor Ltd. was announced by AA Plus Tradelink Ltd. The whole investment amount is around Rs 44 crore.

“Over the course of the next six months, AA Plus intends to distribute a variety of sophisticated agricultural goods in both local and foreign markets, as part of this purchase. According to a Mint article, the business said in an exchange filing that it has obtained these items at a reasonable price, guaranteeing the supply of premium grade fertilizers and pesticides to suit the expanding needs of its varied clientele.

Products consisting of iron and steel, aluminum, graphite, and other alloys are sold by AA Plus Tradelink Ltd. The business was founded in 2016 and has its headquarters in Mumbai. The public owns around 78.38 percent of the shares, with promoters holding about 31.32 percent of the shares. As of April 24, 2024, the company’s market capitalization is Rs 35 crore.