From ₹3.8 to 21.68: This multibagger penny stock soared 470% in over 2 months; check here
Healthy Life Agritec has demonstrated remarkable value for its shareholders. The stock has given multifold returns to its investors, skyrocketing 470 percent in a little over 2 months, since April 2024, from ₹3.80 in March 2024 end.Overall, in 2024 YTD, the stock has rallied 309 percent, while, in the last 1 year, it has soared 190 percent.It has advanced 19.5 percent in June so far after a 159.5 percent surge in May and an 84 percent jump in April.
However, the stock fell 22.45 percent in March and 3.3 percent in February. Before that, in January, the stock gained 19 percent.In the long-term as well, in the last 2 years, the scrip surged 148.6 percent.
The stock hit its record high of ₹21.68 in intra-day deals today. It has soared 525 percent from its 52-week low of ₹3.47, hit on March 15, 2024.It is important to note that the stock is currently trading under ASM LT: Stage 1The ASM LT Stage 1, initiated by the Securities and Exchange Board of India (SEBI) and stock exchanges, is a regulatory framework designed to oversee and regulate trading activities.
When a stock enters ASM Stage 1, it signals that the stock has displayed unusual trading patterns or volatility warranting closer scrutiny. Criteria for inclusion in ASM Stage 1 include high price variation, client concentration, price fluctuation, and other indicators of potential market manipulation or speculative activity.Stocks in ASM Stage 1 face stricter margin requirements, necessitating higher collateral for traders, thus reducing speculative trading.
They may also encounter trading restrictions like limitations on intraday trading or mandatory delivery-based trading to curb excessive volatility and speculative transactions. Additionally, these stocks may be
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