FIIs took fresh entry & bought 1,20,93,593 shares in FY25: Multibagger Penny Stock Below Rs 20 Zooms 8.50 Per Cent with Heavy Volume
From Rs 1.50 to Rs 17.61 per share, the stock gave multibagger returns of 1.074 per cent in 5 years.
On Wednesday, shares of Bartronics India Limited zoomed 8.50 per cent to Rs 17.61 per share from its previous closing of Rs 16.23 per share. The stock’s 52-week high is Rs 25.84 per share while its 52-week low is Rs 12.87 per share. The shares of the company saw a spurt in volume by more than 1.25 times on the BSE.
Bartronics India Limited is a pioneering company in the fintech industry, dedicated to delivering innovative financial solutions and fostering inclusive growth. The mission of the organisation is to provide accessible banking services and empower underserved communities through strategic partnerships and initiatives.
Recently, the company has approved a proposal to establish a branch office of the company in Singapore after partnering with Singapore's PTW Group to advance India's semiconductor industry. PTW's entry into India will leverage its expertise to support India's global hub ambitions. New facilities will focus on equipment production, refurbishment, and training. The partnership aims to drive innovation in manufacturing, training and R&D. PTW, a leading solutions provider with clients like TSMC and Samsung, brings key expertise. Bartronics sees this as a strategic move to capitalise on India's semiconductor potential.
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According to Quarterly Results (Q3FY25), the company reported net sales of Rs 8.71 crore and a net loss of Rs 0.33 crore. In its nine-month results, the company reported net sales of Rs 31.13 crore in 9MFY25. The company reported a net profit of Rs 0.82 crore in 9MFY25 compared to a net loss of Rs 0.59 crore in 9MFY24, an increase of 239 per cent. In its annual results (FY24), the company reported net sales of Rs 48.84 crore and a net profit of Rs 1.38 crore.
The company has a market cap of over Rs 500 crore and its current debt stands at Rs 20 lakh. In FY25, FIIs took a fresh entry and bought 1,20,93,593 shares or 3.97 per cent compared to Nil shareholding in March 2024. From Rs 1.50 to Rs 17.61 per share, the stock gave multibagger returns of 1.074 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.