Penny stock below Rs 10: Company bags order worth Rs 35,00,00,000 from Richa Info Systems Ltd

The stock is up by 13.8 per cent from its 52-week low of Rs 6.03 per share and it is trading at 0.56 times its book value.

Panth Infinity Ltd has secured a significant new work order from Richa Info Systems Limited (CIN: L30007GJ2010PLC062521), a domestic entity, valued at Rss 35,00,00,000 (Rupees Thirty Five Crores Only) inclusive of all taxes, for the provision of goods and services on an order basis according to client requirements, with the contract spanning a period of one year.

Incorporated in 1993, Panth Infinity Ltd operates in the precious metals, stones, and jewellery trading sector and has strategically expanded its reach into the e-commerce landscape. Leveraging an eB2B platform, the company not only facilitates the trading of diamonds and precious stones but also empowers sellers with essential services spanning technology, marketing, promotions, sales, and advertising, aiming to bolster both established and emerging brands within its ecosystem.

The company has a market cap of Rs 12 crore. The shares of the company have a PE of 13.4x whereas the industry PE is 28.3x. The stock is up by 13.8 per cent from its 52-week low of Rs 6.03 per share and it is trading at 0.56 times its book value.

Disclaimer: The article is for informational purposes only and not investment advice.