Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 5,600 per cent!

Shares of the company have gained more than 250 per cent in the last six months.

Shares of Tinna Rubber & Infrastructure Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 250 per cent.

The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 109.85 crore which increased by 51.06 per cent YoY. The operating profit of the company stood at Rs 22.92 crore, while the PAT of the company stood at Rs 14.85 crore, which increased by 145.17 per cent YoY.

Tinna Rubber & Infrastructure Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 36.10 on July 02, 2021, to Rs 2075.45 on June 27, 2024, an increase of more than 5,600 per cent in a three-year holding period.

Tinna Rubber & Infrastructure Limited is engaged in the processing of end-of-life tyres, waste tyres to produce crumb rubber powder for the manufacturing of crumb rubber modifier (CRM), Hi tensile ultrafine reclaim rubber, ultrafine tyre crumb, modified bitumen, polymer modified bitumen, bitumen emulsion, Hi carbon steel abrasives, Hi carbon steel scrap and other allied products, etc. The company has an installed capacity to process 90,000 MTs per annum of end-of-life tyres  and waste tyres.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.