Abate AS Industries Ltd is a hospital stock trading under a penny stock basket. Its share price is around Rs 50 apiece. The stock has been trending due to its upcoming bonus issue on July 31st in the ratio of 1:10, making it the last bonus of the month. Abate is a multibagger, with back-to-back upper circuits for the past 14 sessions in a row.
Abate AS Industries Share Price:
Last week, on July 25, Abate's stock price froze at 2% upper circuit to end at Rs 50.53 apiece on BSE with a market cap of Rs 398.19 crore. This will be the new 52-week high of Abate shares.
Notably, Abate AS has been hitting 2% upper circuits from July 16th to July 25th so far. This means that it touched back-to-back 2% upper circuits. Before this, Abate's upper circuit limit was higher by 5%. The stock has touched back-to-back 5% upper circuit from July 8th to July 15th, which would come around 6 consecutive trading sessions.
Hence, Abate has been hitting back-to-back upper circuits for 14 sessions straight this month.
Abate's weekly performance was up by 8.2% on the BSE, while in a month, it gained by 96.2% alone. In six months, the stock zoomed by a whopping 189.40%. In 2025 so far, the upside is above 189%.
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