Promoters sold 2,75,039 shares: Penny stock under Rs 30 from logistics sector in focus as Board announces 8:103 rights issue!
Promoters sold 2,75,039 shares: Penny stock under Rs 30 from logistics sector in focus as Board announces 8:103 rights issue!

Promoters sold 2,75,039 shares: Penny stock under Rs 30 from logistics sector in focus as Board announces 8:103 rights issue!

The stock is up by 99.1 per cent from its 52-week low of Rs 13.10 per share.

Kiran Shroff Article rating: 4.0

The promoters of the company sold 2,75,039 shares and decreased their stake to 36.42 per cent in June 2024 compared to 36.85 per cent in March 2024.

Stock below Rs 30 locked at upper circuit: Multi-Year breakout alert – Swing traders; take note!
Stock below Rs 30 locked at upper circuit: Multi-Year breakout alert – Swing traders; take note!

Stock below Rs 30 locked at upper circuit: Multi-Year breakout alert – Swing traders; take note!

Additionally, the company's registration under Open Network Digital Commerce (ONDC) underscores its commitment to capitalizing on the burgeoning opportunities in digital e-commerce within the country, positioning itself at the vanguard of this evolving landscape

Karan Dsij Article rating: 4.4

From a technical standpoint, the stock exhibits a robust upward trajectory, marking a multi-year breakout reminiscent of April 2019 levels. The stock has soared to a fresh 52-week high, with all short and long-term moving averages trending upwards in the desired sequence

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