Tesla CEO Elon Musk met with India’s Prime Minister Narendra Modi in New York and expressed plans to invest in India soon. Musk stated that he is confident about Tesla's presence in India and intends to visit the country next year.

The stock has surged over 300 per cent in the last one year.    

In this article, we delve into a curated list of penny stocks that are currently hovering near significant support levels. 

According to the annual results, revenue from operations grew 32 per cent YoY to Rs 616 crore over FY22. PAT came in at a negative Rs 23.44 crore (Loss YoY) adjusting for deferred tax. Earlier, in February 2023, the board had considered and approved a draft letter of offer for the proposed rights issue, with an issue size of up to Rs 125 crore.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 155.70 points or 0.25 per cent.

Shares of this company have gained more than 140 per cent in the last six months.    

According to the financials, Shilpa Medicare has a market cap of Rs 2,307.42 crore. The shares of the company saw a spurt in volume by more than 5.36 times on BSE.

Order Book: The order book as on March 31, 2023 stands at Rs 19,530 crore. During the year (2022-2023), the company bagged 7,900 crore orders and 7,250 crore lowest bidder (L1) orders. Including the above order, the company’s current order book stands at Rs 20,615.47 crore.

According to the financials, the company have a market cap of over Rs 650 crore with a 3-year CAGR of 385 per cent. The company reported amazing numbers in its quarterly results and annual results. The stock had a ROE of 34 per cent and a ROCE of 45 per cent.

Operating profit stood at Rs 146 crore, an impressive jump of 102.77per cent over FY22.