Multibagger Stock: Jhandewalas Foods surged over 1,900% in 1 year, 310% in 2024 YTD
Jhandewalas Foods has given multifold returns to its investors in the last 1 year. The stock has skyrocketed over 1,932 percent in this period to currently trade at ₹139.31. Meanwhile, in 2024 year-to-date (YTD), the stock has also given multibagger returns, rallying 310 percent.
This year so far, the scrip has given positive returns in 3 of the 4 months till date. The stock has jumped 79 percent in April so far after a 20 percent decline in March. However, it rose 73 percent in February and over 65 percent in January 2024.
Before January 2024, the stock gave multibagger returns in 2 straight months, soaring over 151 percent in December 2023 and over 106 percent in November 2023. The stock also hit its record high of ₹139.31 in intra-day deals today, April 18, 2024, surging 1,928 percent from its 52-week low of ₹6.87, hit on November 2, 2023. Read here: Multibagger: This penny stock jumped over 6,000% in 3 years; should you invest? Jhandewalas Foods Limited manufactures and sells dairy and food products in India.
It manufactures buffalo and cow ghee, kesar, poha, mangodi, papad, refined groundnut oil, pasta, chai and poha masala, spice mix, ready-to-eat, chutneys, Indian spice, chilla premix, rava idli mix, and other products. The company markets its products under the Naman, Godhenu, Nutri Flakes, Sweet Bites, Yumm Yoo, and Polki brands, as well as markets its products online. Jhandewalas Foods Limited was founded in 1895 and is based in Jaipur, India.
One must note that the stock is under Additional Surveillance Measure (ASM)- stage II. The Additional Surveillance Mechanism (ASM) serves as a regulatory tool deployed by stock exchanges to closely oversee and regulate the trading activities of certain securities. Its
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