Multibagger Stock: Swadeshi Polytex gained over 10000% in just 5 years, rose 6140% in 3 years; should you invest?
₹3.33 in April 2019. Meanwhile, it has soared over 6140 percent in 3 years (from ₹5.45 in April 2021). The scrip has also given multibagger returns this year so far as well as in the last one year.
The stock has skyrocketed around 270 percent in 2024 YTD from ₹91.95 in December 2023 to touch its record high of ₹340.10. It hit its 5 percent upper circuit for the seventh straight session today. Meanwhile, it has soared over 747 percent in the last one year.
This recent surge has led to the stock soar 872 percent from its 52-week low of ₹35.00, hit on June 6, 2023. This year so far, the scrip has given positive returns in all 5 months till date. The stock has rallied over 40 percent in May, extending gains for the fifth straight month.
Meanwhile, it surged almost 68 percent in April, over 18 percent in March, almost 24 percent in February and over 7 percent in January 2024. However, it is important to note that the stock is currently trading under ASM LT: Stage 4 ASM, or "Additional Surveillance Measure," is a regulatory mechanism in the stock market implemented by stock exchanges to closely monitor certain securities. This framework enhances market integrity and protects investors' interests by identifying securities with high price volatility, unusual trading volumes, or other risks.
Securities flagged under the ASM framework are subjected to additional surveillance measures such as stricter margin requirements and increased disclosure obligations. The goal is to curb manipulative activities, excessive speculation, and price distortions, thereby maintaining market stability. Investors should be mindful of the ASM status of stocks and keep track of changes in the framework, as it can impact trading activities and
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