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Penny stock under Rs 5; Board likely to announce rights issue!
Penny stock under Rs 5; Board likely to announce rights issue!

Penny stock under Rs 5; Board likely to announce rights issue!

The shares of the company gave 68.75 per cent returns in 3 years to its investors.

Kiran Shroff Article rating: 3.9

Talking about the financials, the company has a market cap of Rs 22.68 crore with a 3-year CAGR of 19 per cent. The company reported positive numbers in its quarterly results and annual results. In FY23, the company reported net sales of Rs 20.15 crore and net profit of Rs 0.73 crore.

Penny stock under Rs 5 hits back-to-back 33 upper circuits; rallies 400 per cent!
Penny stock under Rs 5 hits back-to-back 33 upper circuits; rallies 400 per cent!

Penny stock under Rs 5 hits back-to-back 33 upper circuits; rallies 400 per cent!

Would this stock continue its upward trend, or it would be a case of pump and dump?

Karan Dsij Article rating: 3.8

The stock embarked on this journey on December 12, 2022, and thereafter, there is no looking back as it has gone from strength to strength and within no time from Rs 0.52 it touched the level of Rs 2.62 on January 27, 2023.

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