- Multibagger stock Tinna Trade has seen a significant rise in value, with a 345 percent increase in 2024 and a 609 percent increase over the past year.
- The stock has also risen 738 percent from its 52-week low of ₹22.06, hit on June 26, 2023.
- Despite its impressive performance, the stock is currently trading under Enhanced Surveillance Measure (ESM) Stage 2, a framework established by the National Stock Exchange (NSE) in India to improve monitoring and oversight of listed companies.
Tinna Trade, a multibagger stock, has seen exceptional returns this year, but is currently under Enhanced Surveillance Measure (ESM) Stage 2. Learn more about its performance and future outlook.
Impressive Performance in 2024
So far this year, Tinna Trade has given positive returns in all five months. The stock has risen 12.5 percent in May, extending gains for the fifth straight month. Meanwhile, it jumped almost 48 percent in April, 43 percent in March, 60 percent in February and almost 17 percent in January 2024.
Long-Term Growth and ESM Stage 2
In the long term, the stock has performed splendidly, rising over 1229 percent in 3 years and over 826 percent in the last 5 years. However, it is important to note that the stock is currently trading under ESM: Stage 2. The Enhanced Surveillance Measure (ESM) is a framework established by the National Stock Exchange (NSE) in India to improve monitoring and oversight of listed companies, aiming to protect investors and maintain market integrity.
About Tinna Trade
Tinna Trade Limited is a company based in New Delhi, India, that trades in agricultural and non-agricultural products. Its agricultural commodities portfolio includes pulses, grains, and oil seeds. The company also deals in edible oils and protein meals, and trades in steel abrasives. Founded in 2009, the company operates as a subsidiary of Tinna Rubber and Infrastructure Limited.
Financial Performance
In the December quarter, Tinna Trade reported no net profit/loss as against a net loss of ₹0.15 crore during the same quarter last year. Meanwhile, its sales declined 39.99 percent to ₹45.92 crore in the quarter under review versus ₹76.52 crore during the corresponding quarter last year.
Brokerage View
According to ICICI Direct, Tinna Trade displays several positive indicators. It shows strong momentum as the stock price is above its short-, medium-, and long-term moving averages. Additionally, the stock reached a new 52-week high today, signaling robust performance. Moreover, the book value per share has been improving over the last two years, suggesting a strengthening financial position.
Conclusion
While Tinna Trade has shown impressive growth, it’s important for investors to consider the risks associated with investing in small companies with low market capitalisation. These stocks often have limited liquidity and lack the stringent financial reporting and oversight of larger companies, making them susceptible to price manipulation and fraud. Conducting thorough research and implementing effective risk management strategies is crucial for navigating the uncertainties of such stocks and minimising potential losses.
