Sindhu Trade Links shares became multi-bagger in 2021 as it rose over 2,000 per cent during the year.
Stock prices ranging in single-digit are known as penny stocks, and they typically have high volatility associated with them. Multibagger stocks are those whose share prices rise exponentially over a short period of time.
Besides, its EBITDA too surged both sequentially and yearly during the quarter.
On February 4, the company reduced its bank debt by Rs 1,041.5 million and pledged that it aims to be debt free by 2023, it had said in a regulatory filing.
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