Upper circuit has reached its limit, Upper circuit continuously for 133 days, 62000% return in one year, nobody wants to sell this stock

Amid the fluctuations in the stock market, some penny stocks are constantly in the news. Penny stocks are high-risk rewards, but there is one penny stock that has been hitting an upper circuit for the last 133 trading sessions. This stock is Sri Adhikari Brothers , which is continuously hitting an upper circuit.
Sab TV's stock also hit an upper circuit of 2% on Wednesday and closed at Rs 967.05. Shri Adhikari Brothers' stock has given a return of 62200 percent in the last one year. At least for the last 133 trading sessions, the environment in the stock is such that no investor wants to sell this stock and it is continuously seeing an upper circuit. In the last six months, this stock has given a return of more than 1650 percent.

Sri Adhikari Brothers Television Network Ltd's stock has been continuously seeing an upper circuit for 133 days from 03 April 2024 till today i.e. 09 October 2024. During this period, this stock has increased from a price of Rs 45 to the level of Rs 967.05. This stock will soon touch the level of Rs 1000.

There has been no seller in this stock in the last 133 trading sessions. Due to the continuous upper circuit, the exchange has made the upper limit of this stock 2 percent. Now the upper limit circuit of 2 percent rise is being seen continuously in the stock.

Despite all the activities in the stock market, Sab TV is unaffected and the buyers are not decreasing in it. Amidst the fluctuations in the stock market, on Wednesday also, Sab TV shares opened in the green today like the last 132 days and after a while, registering a rise of 2 percent, completed its upper circuit range and closed at the level of Rs 967.05.

In December 2023, the National Company Law Tribunal (NCLT) approved a resolution scheme for the corporate bankruptcy resolution process of Sthe Sri Adhikari Brothers Television (SAB TV) Network.