Multibagger Stock: Alphalogic Techsys surges over 3600% in 3 years, up 271% this year so far; should you invest?

livemint.com:

₹6.49 in May 2021 to ₹246.05 currently, its new high. The scrip has also given multibagger returns this year so far as well as in the last one year. It skyrocketed over 271 percent in 2024 YTD from ₹66.27 in December 2023 to touch its record high of ₹246.05.

It has hit its 5 percent upper circuit 18 times in the last 19 sessions including today. Meanwhile, it has surged over 690 percent in the last one year. This recent rally has led to the stock jumping 811 percent from its 52-week low of ₹27.01, hit on May 26, 2023.

This year so far, the scrip has given positive returns in 4 of the 5 months to date. The stock has rallied over 52 percent in May, after an over 103 percent surge in April. However, it fell 10.5 percent in March.

Meanwhile, it was also positive in the first 2 months of this year, gaining over 24 percent in February and 8 percent in January 2024. Alphalogic Techsys Limited, together with its subsidiary, provides technology consulting solutions and support services in India. It designs and develops web applications in e-commerce, e-learning, analytics, finance, entertainment, healthcare, and real estate domains.

The company also offers strategy and consulting for business case identification, data discovery, and artificial intelligence platform solutions. Further, the company engages in the design, manufacturing, supply, and installation of industrial racks and storage solutions; and commerce and trade and distribution business. It serves healthcare, software-as-a-service, e-commerce, fintech, social networking, and other industries.