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Penny stock under Rs 2: Back-to-back upper circuits in this micro-cap scrip after receiving order worth Rs 56.6 crore from Overseas Metal & Alloys Pvt Ltd!
Penny stock under Rs 2: Back-to-back upper circuits in this micro-cap scrip after receiving order worth Rs 56.6 crore from Overseas Metal & Alloys Pvt Ltd!

Penny stock under Rs 2: Back-to-back upper circuits in this micro-cap scrip after receiving order worth Rs 56.6 crore from Overseas Metal & Alloys Pvt Ltd!

The stock is up by 30 per cent in just 5 days.

Kiran Shroff Article rating: 4.0

The company reported net sales of Rs 0.07 crore and net loss of Rs 0.10 crore in Q1FY24. The company is projected to report robust financial results for Q2FY24, as revenue is expected to increase significantly due to a recent order.

Don't Miss Out! Multibagger Micro-Cap Stock Below Rs 2 Announces Exciting Rights Issue!
Don't Miss Out! Multibagger Micro-Cap Stock Below Rs 2 Announces Exciting Rights Issue!

Don't Miss Out! Multibagger Micro-Cap Stock Below Rs 2 Announces Exciting Rights Issue!

From Rs 0.57 per share to Rs 1.25 per share, the shares of the company gave multibagger returns of 120 per cent in just 4 years.

Kiran Shroff Article rating: 4.1

The company has reduced its debt in the financial year 2022-2023 and the current debt of the company is just Rs 2.75 crore as of March 2023.   

 

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