Multibagger penny stock under Rs 5 with 1,300 per cent returns: This micro-cap company is expanding its drone services in North Gujarat; scrip hit upper circuit!
The stock gave investors a multibagger return of 225 per cent in just 1 year and a whopping 1,300 per cent in 3 years.
Vivanta Industries Limited (VIL) is poised to make a significant investment in Trinity Ganesh Private Limited, a move that will bolster its presence in the agricultural sector of North Gujarat. This strategic partnership will focus on expanding the product base in key areas like commodities, animal feed, and value-added veterinary products.
Additionally, Trinity Ganesh will be authorized to operate within APMC markets, providing farmers with direct access to drone technology sales and services. This initiative is expected to significantly enhance the value chain within the region's agro-industry, empowering farmers with advanced tools and resources to improve productivity and profitability.
Additionally, Ahmedabad-based Vivanta Industries (BSE: 541735) is making a big pivot towards next-generation technologies, aiming to transform its operations from civil construction and engineering to focus on drone, IT, AI, robotics, and EV charging stations. They've already secured a USD 5 million order from EVOCNA for an EV charging and manufacturing unit and entered an MOU with VDRCTL to set up a drone assembly line and R&D in Tanzania. These ventures, along with a multi-fold increase in H1FY24 revenue and profitability, showcase their ambitious growth plans. Their strong financials, experienced team, and strategic partnerships position them well to capitalize on these emerging markets.
Today, shares of Vivanta Industries Ltd hit 10 per cent upper circuit to Rs 4.97 per share from its previous closing of Rs 4.52. The stock’s 52-week high is Rs 6.93 and its 52-week low is Rs 1.55.
Vivanta Industries Limited (VIL) provides engineering services. The company offers land survey and procurement, project designing, fiscal studies, funding, and marketing services. Talking about the financials, this civil construction company has a market cap of Rs 62 crore.
The stock gave investors a multibagger return of 225 per cent in just 1 year and a whopping 1,300 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.