Despite bloodbath in the stock market these days, some stocks have delivered multibagger returns in last one month. Tine Agro shares are one of them. The textile manufacturer stock is one of the multibagger penny stocks in 2022. In year-to-date (YTD) time, this multibagger stock has surged from ₹7.14 apiece levels to ₹56.05 levels, appreciating around 685 per cent in 2022. For a surprise to stock market observers, this multibagger textile stock has delivered stellar returns to its shareholders despite weakness in the stock market today. Tine Agro share price today has hit 5 per cent upper circuit and ascended to its lifetime high of ₹56.05 apiece levels on BSE.
In the last week, this multibagger stock has hit 5 per cent upper circuit in all 5 trade sessions, delivering a 21.50 percent return to its shareholders. In the last month, this multibagger stock has shot up from ₹22.65 to ₹56.05 levels, appreciating to the tune of around 150 per cent in this period. In YTD time, as mentioned above, this multibagger penny stock has delivered 685 per cent whereas in this period Sensex has dipped around 9 per cent and Nifty 50 index dipped around 10 per cent. So, this X group stock has generated an alpha return in 2022.
This multibagger penny stock is trading at its lifetime high of ₹56.05 apiece levels whereas its 52-week low is ₹3.90 apiece levels on BSE. The current trade volume of the BSE-listed multibagger stock is 6,53,631, which is much higher than its 20 day average volume of 51,324. Current market capital of this multibagger textile stock is 31 crore.
