Debt-free multibagger penny stock at Rs 21.18: This fintech innovator announces its latest expansion drive with Bank of India
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 9.76 per share and a whopping 485 per cent in 3 years.
Bartronics India Limited, a leading innovator in the fintech sector, announces its latest expansion drive with one of the largest public sector banks – the Bank of India. As a part of their ongoing commitment to the financial inclusion and community development programme, the organisation is already set to announce their initiative to tie with multiple banks to include the significant financial project for providing banking services to those who are not well enough to manage this in a community.
This is also an expansion drive for community development regarding banking literacy in the society. With this expansion drive, it is estimated that about 1,00,000 customers will be served daily and they will be providing those customers with essential banking services. This will foster financial inclusion in that sector of society where customers are not being served properly.
Announcing this collaboration drive with several banks, Mr Vidhya Sagar Reddy, Managing Director of Bartronics India Limited said, " We are excited about this collaboration with Bank of India for financial inclusion projects, we have completed the process of empanelment in various zones & ready to start the operations This expansion marks a significant milestone in our efforts to provide accessible banking services to more people. This partnership will allow the company to expand their operations into nearly 1000 additional subsurface areas. With this effort, it aims to serve a good number of customers in different areas."
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
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.
On Friday, shares of Bartronics India Limited hit a 2 per cent upper circuit to Rs 21.18 per share from its previous closing of Rs 20.77. The stock’s 52-week high is Rs 28.67 while its 52-week low is Rs 9.76. The company has a market cap of over Rs 600 crore and as of March 31, 2024, the company is debt-free. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 9.76 per share and a whopping 485 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Rs 1,400 Crore Order Book: Multibagger Defence Drone Company Introduces AI-powered Robots; Unveils Four Products for the Global Defence Market