The Indian stock market has witnessed an extraordinary wealth creation story that demonstrates the power of patience and strategic investment in penny stocks. Sri Adhikari Brothers Television Network Limited has emerged as a phenomenal multibagger stock, delivering life-changing returns to investors who maintained their positions over the past five years.
Astounding Share Price Journey
This remarkable penny stock has created one of the most impressive growth trajectories in recent market history. The share price that stood at a modest ₹1.90 in January 2021 has skyrocketed to an impressive ₹1,410 on the National Stock Exchange, representing one of the most dramatic transformations in the Indian stock market.
To comprehend the magnitude of this growth, consider this perspective: an investment of ₹1 lakh made five years ago would have ballooned to approximately ₹9.04 crore today. This represents an unprecedented return of 93,806.67% over the five-year period, making it one of the most successful penny stock investments in recent memory.
Recent Performance and Market Activity
The multibagger penny stock maintained its positive momentum on Thursday, trading 1.19% higher at ₹1,410 amid strong market sentiment. The stock opened at ₹1,392 on the NSE during the early morning session and reached an intraday high of ₹1,423 during trading hours.
However, the stock has demonstrated significant volatility over the past year. Despite this volatility, the performance metrics remain impressive. The stock has gained nearly 76.77% in just one month and has delivered multibagger returns of 139% over the past six months alone.
While the long-term performance has been extraordinary, the stock has faced some recent challenges, declining nearly 6% in terms of year-to-date performance and 24% over the past year, highlighting the volatile nature of penny stock investments.
Strategic Corporate Developments
In a significant corporate development, Sri Adhikari Brothers Television Network announced on November 24 through an exchange filing that its board has approved changing the company name from "Sri Adhikari Brothers Television Network Limited" to 'Aqylon Nexus Limited'.
The board of directors has recommended this name change for shareholder approval through a postal ballot, pending final approval from the CRC (MCA).
In another important governance decision, the company has appointed Bilimoria Mehta & Co. as the statutory auditor for the financial year 2025-26. This appointment fills the casual vacancy created by the resignation of the existing auditor and is subject to shareholder approval through postal ballot.
The extraordinary journey of Sri Adhikari Brothers Television Network serves as a powerful reminder of the potential rewards in the stock market, while also highlighting the importance of thorough research and risk assessment before making investment decisions in volatile penny stocks.
