Cian Agro shares hit 5% lower circuit after 16-day upper circuit run. Stock still up over 8,400% in 2 years

After an extraordinary rally that saw 16 consecutive sessions of upper circuits, Cian Agro Industries & Infrastructure shares finally hit the brakes on Thursday, slipping 5% to Rs 3,287.15 on the BSE, their lower circuit limit for the day. The stock opened at Rs 3,633.15 before tumbling to the day’s low, halting its relentless upward streak.

Despite the pause, the multibagger remains a market marvel, having skyrocketed over 8,450% in just two years, turning early investors into big winners.

The previous close stood at Rs 3,460.15. As per BSE data, the stock’s 52-week high stands at Rs 3,633.15, hit just a session earlier, while the 52-week low is Rs 209.70.

The market capitalisation of the company is Rs 9,199.38 crore (full) and Rs 2,973.65 crore (free float). Total traded quantity, as of 10:45 am, stood at 1.43 lakh shares with a turnover of Rs 50.26 crore.

Despite today’s correction, the multibagger stock has delivered staggering returns in recent times. According to data, Cian Agro shares have gained 1,467.55%, while its year-to-date (YTD) return stands at 546.25%.

Gains over the past 6 months are at 695.73%, and for the past 3 months, the stock has jumped 618.74%.Even on a shorter time frame, the rally was significant, with returns of 148.57% in one month, 47.37% in two weeks, and 15.47% in the last week, before today’s fall halted the run.Cian Agro Industries & Infrastructure, incorporated in 1985, operates in the Agro, Healthcare, and Infrastructure sectors. The group also has business interests in spices, edible oils, personal care, sanitation, and bio-fertilisers.

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The stock remains under ASM (Additional Surveillance Measure) LT: Stage 4, and the scrip’s PE has been consistently above 50 for the past four quarters.

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