289 per cent in 1 year: This multibagger small-cap stock makes a new 52-week high!
The scrip witnessed massive spurt in volume by more than 2.90 times
On Tuesday, shares of Axita Cotton surged more than 3.9 per cent to make a new 52-week high of Rs 71.50 apiece on BSE. The scrip witnessed massive spurt in volume by more than 2.90 times.
On April 05, 2023, the company informed the exchange that it has received orders for Indian raw cotton from Badshah Textiles of value aggregating to Rs 26.94 crore ($ 3284883.80 approx).
Axita Cotton Limited is engaged in the business of manufacturing, processing and finishing of cotton bales and cotton seeds. The company produces cotton seeds and mainly two varieties of cotton bales, Shankar-6 and MCU-5/MECH. It also does ginning, pressing and trading of kapas on a job work basis. It also produces specialty cotton which includes BCI cotton, organic cotton and primark sustainable cotton.
The company has witnessed heavy buying as it has given multibagger returns of more than 289 per cent in 1 year and more than 92 per cent in just 6 months. In the past 1 month, the stock has surged more than 31 per cent. Keep a close eye on this trending multibagger stock.