This multibagger stock soared 345% in less than 5 months, gained over 600% in a year; should you invest?
₹41.57 in December 2023 to currently trade at its record high of ₹184.85. Meanwhile, it has soared over 609 percent in the last one year. This recent surge has also led to the stock soaring 738 percent from its 52-week low of ₹22.06, hit on June 26, 2023.
This year so far, the scrip has given positive returns in all 5 months till date. The stock has risen 12.5 percent in May, extending gains for the fifth straight month. Meanwhile, it jumped almost 48 percent in April, 43 percent in March, 60 percent in February and almost 17 percent in January 2024.
In the long term as well, the stock has performed splendidly, rising over 1229 percent in 3 years (from ₹13.91 in April 2021) and over 826 percent in the last 5 years (from ₹19.95 in April 2019). However, it is important to note that the stock is currently trading under ESM: Stage 2 The Enhanced Surveillance Measure (ESM) is a framework established by the National Stock Exchange (NSE) in India to improve monitoring and oversight of listed companies, aiming to protect investors and maintain market integrity. In Stage I, trading is settled on a trade-for-trade basis with a price band of 5 percent or 2 percent.
In Stage II, trading occurs on all trading days through periodic call auctions with trade-for-trade settlement and a 2 percent price band. Previously, trading under this stage was limited to once a week. Tinna Trade Limited is a company based in New Delhi, India, that trades in agricultural and non-agricultural products.
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