Penny stock under Rs 20: This small-cap company commissions a machine project; reported a jump of 52 per cent in net revenue!
Penny stock under Rs 20: This small-cap company commissions a machine project; reported a jump of 52 per cent in net revenue!

Penny stock under Rs 20: This small-cap company commissions a machine project; reported a jump of 52 per cent in net revenue!

The stock is up by 10 per cent in 1 month and over 30 per cent in just 3 months.

Kiran Shroff Article rating: 4.0

According to the annual results, revenue from operations grew 32 per cent YoY to Rs 616 crore over FY22. PAT came in at a negative Rs 23.44 crore (Loss YoY) adjusting for deferred tax. Earlier, in February 2023, the board had considered and approved a draft letter of offer for the proposed rights issue, with an issue size of up to Rs 125 crore.

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