This penny stock hit 5% upper circuit after it received an order worth Rs 5.1 Cr on Thursday. The stock price has held at a high level because of strong and rising volume that is more than usual when compared to the prior day and week.
AA Plus Tradelink Ltd. is a penny stock, With a market capitalization of Rs. 9 Cr. On Thursday the stock hit 5% upper circuit at Rs. 11.39.
According to the company filing, AA Plus Trade Ltd recently received a significant export order with a total value of Rs. 5.1 Cr from CNX Corporation Ltd, a reputable commodity trading company.
The order includes 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 Coconuts.
As per the company filling, total revenue grew by 48% from Rs. 11.53 Cr in FY23 to Rs. 17.17 Cr in FY24 and for the same period, net profit increased by 11% from Rs. 0.18 Cr to Rs. 0.20 Cr.
The stock has delivered 125% returns in six months to the investors, therefore making an investment of 1 lakh now would be worth 2.25 lakhs.
As per the latest shareholding data, Promoters hold 32.78% and the Public hold a 67.22% stake in the company.
A corporation with its headquarters in India called AA Plus Tradelink Limited trades goods made of iron, steel, aluminium, graphite, and other alloys.
Disclaimer: Due to the illiquidity of penny stocks, even a slight rise in the number of buy orders can cause the stock to reach its upper circuit. Penny stocks are extremely risky for retail investors, even though the stock prices are within the typical buying range for these investors and offer huge potential rewards.
Written by Sheshadri N
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