The stocks of AA Plus Tradelink have emerged as a multi-bagger in one year. The stock is presently priced at Rs 14.45 as of April 24. In one month, the share has given more than 30 per cent returns to its investors. In one year, the prices of the stocks have skyrocketed to around 189 per cent.
However, the prices of the share witnessed a dip of around 17 per cent in 3 years. The share closed with an increase of over 5 per cent on April 23. The penny stock has witnessed a 6 to 10 per cent increase and decrease in its prices in some last trading sessions. The stock is still showing an upward trend and is expected to touch new heights.
AA Plus Tradelink stock has doubled its investor’s money in a year. Last week, the small-cap penny stock surged more than 11 per cent. The small-cap stock was first listed on July 22, 2021, with a price of Rs 13 per share. In 2022 the price of the stock dipped to Rs 4.84. With the start of the year 2023, the prices of the stock showed an upward trend before dipping to its all-time low of Rs 4.70. Soon after touching its all-time low, the stock skyrocketed to its all-time high in June 2023. The shares were priced at Rs 18.55 at that time. Later though the price of shares again dipped but it continued to show an upward trend giving a return of over 180 per cent.
The company has been in the news for some days now as it has recently announced its investment in the agriculture sector. AA Plus Tradelink Ltd announced a strategic purchase of fertilisers and pesticides from Murae Organisor Ltd. The investment amounts totals to around Rs 44 crore.
“This acquisition encompasses a range of advanced agricultural products which AA Plus plans to distribute in both the international and domestic markets over the tenure of the next six months. The company has secured these products at a competitive rate, ensuring the availability of premium quality fertilizers and pesticides to meet the growing demands of our diverse clientele,” the company stated in an exchange filing, according to a report by Mint.
AA Plus Tradelink Ltd deals with products made of iron & steel, aluminium, graphite and other alloys. The company was established in 2016 and is based in Mumbai. Around 31.32 per cent of the shares are held by promoters while around 78.38 per cent of the shares are held by the public. The present market cap of the company is Rs 35 crore, as of April 24, 2024.
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