Multibagger stock: Magellanic Cloud soars 8166% in 5 years, 4078% in 3 years; should you invest?
₹7.44 in May 2019 to currently trade at ₹615. In the last 3 years as well, the stock has performed surprisingly well, rallying 4078 percent from ₹14.72 in May 2021.Meanwhile, in the last 1 year, it has soared 201 percent and it advanced 34 percent in 2024 YTD.This year so far, the scrip has given positive returns in 4 of the 5 months to date.
The stock is up around 1 percent in May following a 28 percent surge in April. However, it fell 22.6 percent in March.
Meanwhile, it was positive in the first two months of this year, gaining 15.6 percent in February and 16 percent in January 2024.The scrip is currently just 8.5 percent away from its record high of ₹672.05, hit on May 9, 2024. However, it has jumped 203 percent from its 52-week low of ₹203.05, hit on May 30, 2023.ASM LT Stage 2 refers to a regulatory framework implemented by the Securities and Exchange Board of India (SEBI) and the stock exchanges to monitor and manage trading activities.ASM Stage 2 is a more stringent level of monitoring than ASM Stage 1.
When a stock enters ASM Stage 2, it indicates that the stock has exhibited certain unusual trading patterns or volatility that warrant closer surveillance. The criteria for a stock being placed under ASM Stage 2 include, but are not limited to, high price variation, high client concentration, price fluctuation, and other factors that may indicate potential market manipulation or speculative activity.Stocks in ASM Stage 2 are subjected to higher margin requirements, meaning traders must maintain a higher level of collateral to hold or trade these stocks, reducing speculative trading.
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