The stock market has seen a lot of selling in the last few months due to the Russia-Ukraine war and the cost of crude oil. In this sell-off, some stocks in the stock market have fallen by 50 to 60 percent. On the other hand, there are some selected stocks in the market which have made investors profit during this period. Tine Agro is one such stock which has not only given a decent return to the investors in the fall but has also proved to be a multibagger. Upper circuits have been seen in the stock one after the other for the last 1 week, while during this there was a downtrend in the stock market.
Return of 685 per cent: On January 1 this year, the share price on the Bombay Stock Exchange (BSE) was Rs 7.14, which has climbed to Rs 56.05 till March 7, thus giving a return of 685 per cent to investors since the beginning of 2022. Talking about a month ago, on February 8, the share price was Rs 23.75, which increased to Rs 56.07 on March 7. The stock has given 136 per cent return to the investors during this period. Talking about the last one week, this stock has seen continuous upper circuits.
Calculations on Investments: If an investor had invested Rs 1 lakh in this stock on January 1, then the investment amount would have been Rs 6.85 lakh. If an investor had invested Rs 1 lakh in this stock a month ago, the investment would have been Rs 1.36 lakh. Apart from this, if an investor had invested 1 lakh in this stock a week ago, then the investment would have become 1.21 lakh rupees.
Company Profile: Tyne Agro is a textile company. Its market capitalization is Rs 31 crore. According to the December quarter results, the company’s income was Rs 4.49 crore and profit was Rs 0.51 crore.
stock market crash: There has been a big fall in the stock market in the last one month. The National Stock Exchange’s main index Nifty 50 has lost 1,403 points and Bombay Stock Exchange’s index Sensex has lost 4,965 points.