Penny stock, who made millionaires, declines by more than 80% in 6 months

New Delhi: The stock market declined on Tuesday. A day before this, it was a tremendous boom on Monday. At the same time, many such penny stocks have been exposed during this time, who once gave tremendous returns to investors. Many of these are penny stocks that were multibaggers in the stock market. He made investors a millionaire in a very short time, but now there has been a tremendous decline in them. Among them, a multibagger Penny Stock is of Harshil Agrotech Ltd.

Harshil Agrotech shares have fallen by more than 80 percent in the last 6 months. This is when it made investors a millionaire in less than 5 years. At one time its price was more than Rs 11. Now it has come below 3 rupees. However, on Tuesday, this stock put a 5 per cent upper circuit. Along with this, this stock was trading at Rs 2.12.
After the biggest rise in four years, the stock market rolled, 2 lakh crores, know the reason

Made a millionaire in three years

In November 2024, the stock was priced at Rs 11.79, which is its all time high. In November 2021, this stock was around 11 paise. In such a situation, it gave more than 10500 percent returns to investors in these three years. If you had bought shares worth Rs 1 lakh in November 2021, then their price would have been more than one crore rupees in November 2024. That is, you would have become a millionaire in three years.

How much loss now?

This stock has done a major loss of investors in the last 6 months. 6 months ago its price was all time high i.e. Rs 11.79. Now it is Rs 2.12. In such a situation, it has given more than 80 percent loss in these 6 months. If someone has shares of one lakh rupees 6 months ago, then now their price will be less than 20 thousand rupees.

What does the company do?

Harshil Agrotech Limited was previously known as Chilli Technologies (India) Limited. The company designs, engineering and manufacturing chemical processing equipment. It also businesses products related to agriculture. This company gives its service in fertilizer, chemical, petrochemical, power plant etc. According to the BSE website, the company’s market cap is Rs 150.77 crore.

Disclaimer: The suggestions made in this analysis belong to individual analysts or broking companies, not NBT. We advise investors to consult certified experts before deciding any investment. Because the conditions of the stock market can change rapidly.