Multibagger penny stock under Rs 20: This micro-cap company bags new order worth Rs 510 million!

Shares of the company gained more than 150 per cent in the last six months.

Shares of AA Plus Tradelink Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. On September 13, 2023, the company informed in the exchange filing, that the company had bagged an order worth Rs 510 million. The order was received from CNX Corporation Limited, a reputable commodity trading company. The order involves a variety of 'A' grade fresh produce, such as Green Broccoli, Organic Red Cabbage, Indian Organic Black Soya Bean, Green Natural Fresh Celery, SugarCane, and Organic husked coconut.

Furthermore, the company has entered into a substantial business agreement with CNX Corporation Limited, to forward export orders worth a total of Rs. 1,70,00,00,000 (1.7 billion Rupees) to AA Plus Trade Link Ltd in the coming quarters.

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Shares of AA Plus Tradelink Limited have also delivered multibagger returns to its shareholders in just six months of about 170 per cent. While in the last one year the stock has gained more than about 110 per cent.

AA Plus Tradelink is currently engaged in the business of trading products made of iron & steel, aluminium, graphite and other alloy products. It is a multi-product trading company with a diverse product portfolio. It is also in the business of supplying Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High Build Coating, and Epoxy Heat Resistance Coating.

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.