Over time, Swadeshi Polytex has provided investors with exceptional returns. The stock has surged over 10113 percent in the last five years from ₹3.33 in April 2019. It has performed exceptionally well. It started at ₹5.45 in April 2021 and has since increased by over 6140 percent in just three years.
Swadeshi Polytex; A Phenomenal Rise with Multibagger Returns and Ongoing Momentum
In the past year as well as thus far this year, the scrip has produced multibagger returns. The stock, which peaked at ₹340.10 in December 2023, has soared approximately 270 percent in 2024 YTD from ₹91.95 in December 2023. Today was the seventh session in a row that it reached its 5 percent upper circuit. In the meantime, it has increased by more than 747 percent in the past year.
With this latest run-up, the stock has surged 872 percent from its June 6, 2023 52-week low of ₹35.00.
The scrip has produced positive returns in each of the first five months of this year thus far. May saw a nearly 40% increase in the stock, continuing its five-month winning streak. As for the rest of 2024, it increased by over 7% in January, over 18% in March, over 24% in February, and nearly 68 percent in April. But it’s crucial to remember that the stock is now trading under ASM LT: Stage 4.
Understanding Additional Surveillance Measure (ASM)
“Additional Surveillance Measure,” or ASM for short, is a regulatory tool used by stock exchanges in the stock market to keep a close eye on specific securities. This framework, which flags securities with high price volatility, unusual trading volumes, or other risks, improves market integrity and safeguards investors’ interests.
Swadeshi Polytex Limited; Pioneering Real Estate Development in India
In India, Swadeshi Polytex Limited is a real estate company. It is involved in the development, acquisition, selling, ownership, leasing, subleasing, letting, and subletting of real estate properties, encompassing land, buildings, factories, plots, and warehouses, in addition to infrastructures for residential, commercial, industrial, agricultural, and rural uses. The business is headquartered in Ghaziabad, India, and was founded in 1970.
Swadeshi Polytex’s Remarkable Financial Performance in Q4FY24: Profits Surge Over 450%
Swadeshi Polytex’s net profit jumped by more than 450 percent year over year (YoY) in the December quarter (Q4FY24), from ₹7.88 crore in Q3FY23 to ₹45.75 crore. In the meantime, its overall revenue increased 431.5 percent year over year to ₹56.4 crore in the reviewed quarter compared to ₹10.61 crore in the corresponding quarter of the previous year.
