Multibagger penny stock under Rs 20 in focus as Board is likely to open a branch office of company in Singapore
The stock is up by 7 per cent from its 52-week low of Rs 13 per share and gave multibagger returns of 2,000 per cent in 5 years.
Bartronics India Limited informed that a meeting of the Board of Directors of the company is scheduled to be held on Wednesday, March 19, 2025, inter-alia to consider and approve the following business: -
- To take note of the resignation of Mr. Pamarthi Rajesh (DIN: 10155271) as Independent Director of the Company.
- To approve the opening of the branch office of the company in Singapore.
Additionally, Bartronics and Singapore's PTW Group have partnered to advance India's semiconductor industry. PTW's entry into India will leverage its expertise to support India's ambitions as a global hub. 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 capitalize on India's semiconductor potential.
On Monday, shares of Bartronics India Limited plunged 4 per cent to Rs 13.85 per share from its previous closing of Rs 14.43 per share. The stock’s 52-week high is Rs 25.84 per share while its 52-week low is Rs 13 per share.
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About the Company
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.
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 400 crore. The stock is up by 7 per cent from its 52-week low of Rs 13 per share and gave multibagger returns of 2,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.