This Multibagger Penny Stock gives 189% return in one year

AA Plus Tradelink shares have become a multi-bagger in one year. The stock is currently priced at Rs 14.45 as on April 24. In one month, the stock has delivered more than 30 percent returns for its investors. In one year, share prices have skyrocketed to approximately 189 percent.

However, the share price suffered a decline of approximately 17 percent in three years. The stock closed on April 23 with an increase of more than 5 percent. The penny stock has witnessed a rise and fall of 6 to 10 percent in some recent trading sessions. The stock is still on an uptrend and is expected to reach new highs.

AA Plus Tradelink shares have doubled their investors’ money in a year. Last week, the small-cap penny stock rose more than 11 percent. The small-cap stock was first listed on July 22, 2021, at a price of Rs 13 per share. In 2022, the share price fell to Rs 4.84. With the start of the year 2023, the stock prices showed an upward trend before falling to an all-time low of Rs 4.70. Soon after hitting its low, the stock shot up to its all-time high in June 2023. The shares were priced at Rs 18.55 at the time. Later, the share price fell again, but continued to trend upward, delivering a return of more than 180 percent.

The company has been in the news for several days as it recently announced its investments in the agricultural sector. AA Plus Tradelink Ltd announced a strategic purchase of fertilizers and pesticides from Murae Organisor Ltd. The investment totals approximately Rs 44 crore.

“This acquisition includes a range of advanced agricultural products that AA Plus plans to distribute in both the international and domestic markets over the next six months. The company has secured these products at a competitive price, ensuring the availability of top quality fertilizers and pesticides to meet the growing demands of our diverse customer base,” the company said in an exchange filing, according to a Mint report.

AA Plus Tradelink Ltd deals in products made from iron and steel, aluminium, graphite and other alloys. The company was founded in 2016 and is based in Mumbai. About 31.32 percent of the shares are held by promoters, while about 78.38 percent of the shares are held by the public. The current market capitalization of the company is Rs 35 crore, as of April 24, 2024.