This textile penny stock turned Rs 1 lakh into 12 lakh in just four months!

The company has delivered a fantastic return of 1,197.07 per cent to the investors in the last four months.

The stock market witnessed a lot of instability due to the COVID-19 pandemic. However, amidst all these, several penny stocks managed to become multi-baggers in the last three months, bringing enormous gains to the investors. If we go by the figures, over 800 penny stocks have become multi-baggers in the last 18 months and Tine Agro Ltd is one of them.  

Tine Agro Ltd is engaged in the trading of textile material on a retail basis. Over the last four months, the company has delivered investors, a fantastic return of 1,197.07 per cent! The share price of the company stood at Rs 4.09 on December 9, 2021, and since then, it has increased investors’ wealth by more than 12 times. 

If an investor had put Rs 1 lakh into this multi-bagger stock four months ago and kept it invested all this while, his or her money would now be worth Rs 12.97 lakh! Similarly, if an investor had put Rs 1 lakh into this stock one month ago, that money would now be worth Rs 1.84 lakh.  

Tine Agro Ltd is engaged in the business of spinners, weavers, knitters, combers, manufacturers, producers, processors, importers, exporters, buyers, sellers as well as dealers in all kinds of yarns and fibers including treating and utilising any waste arising from any such manufacture, production or process whether carried on by the company or otherwise. 

At 10.46 am on Monday, the stock of Tine Agro Ltd was seen trading at Rs 53.05, down by 4.93 per cent or Rs 2.75 per share. The 52-week high of the scrip is recorded at Rs 61.75 while the 52-week low is Rs 3.90 on BSE.