Debt-free multibagger penny stock under Rs 25 jumps 5.66 per cent; Earlier, the company invested in Ampivo Smart Technologies Pvt Ltd
The stock is up by 46 per cent from its 52-week low of Rs 13.87 per share; gave multibagger returns of 500 per cent in 3 years and a whopping 1,450 per cent in 5 years.
On Wednesday, shares of Bartronics India Limited jumped 5.66 per cent to Rs 21.48 per share from its previous closing of Rs 20.33. The stock’s 52-week high is Rs 28.67 while its 52-week low is Rs 13.87. The company has a market cap of over Rs 650 crore and as of March 31, 2024, the company is debt-free. The stock is up by 46 per cent from its 52-week low of Rs 13.87 per share; gave multibagger returns of 500 per cent in 3 years and a whopping 1,450 per cent in 5 years.
Bartronics India Limited has recently diversified its business by acquiring a stake in the health-tech startup, Ampivo Smart Technologies Private Limited. This strategic move aims to tap into the growing digital healthcare market and leverage Ampivo's innovative solutions.
Ampivo Smart Technologies, a Hyderabad-based company, specializes in developing digital health technologies that address pressing social issues. The company, valued at Rs. 75.76 Crores, was incorporated in 2022 and has been making significant strides in the healthcare technology sector. Bartronics' acquisition of 2136 equity shares at Rs 7020 each, totalling Rs 1,49,94,720 gives it a 6.47 per cent stake in Ampivo. This investment aligns with Bartronics' objective to expand its business horizons and enter the promising field of healthcare technology.
Earlier, Bartronics India Limited entered into a Memorandum of Understanding (MOU) with Bestvantage Technology India Private Limited. The primary aim of MOU is to leverage Bestvantage's expertise in alternative investments and start-up verification to uncover potential opportunities that align with Bartronics' strategic goals.
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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.
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Disclaimer: The article is for informational purposes only and not investment advice.