Multibagger penny stock at Rs 25 Hit 10 Per Cent Upper Circuit With Volume Spurt; Here’s Why
The shares of the company saw a spurt in volume by more than 5.50 times on BSE.
On Monday, shares of Bartronics India Limited hit a 10 per cent upper circuit to Rs 22.19 per share from its previous closing of Rs 20.18 per share. The stock’s 52-week high is Rs 28.67 while its 52-week low is Rs 15.65. The shares of the company saw a spurt in volume by more than 5.50 times on BSE.
The Board of Directors of Bartronics India Limited is scheduled to hold a meeting on Wednesday, January 08, 2025, at 10:00 AM at the Company's corporate office located at S V Chambers, 1st Floor, Plot no 193, Phase II, Kavuri Hills, Madhapur, Hyderabad-500033, Telangana. One of the key agenda items of this meeting is to consider and approve the Memorandum of Understanding (MoU) entered into with PTW Global.
Earlier, Bartronics India Limited diversified its business by acquiring a 6.47 per cent stake in Ampivo Smart Technologies, a Hyderabad-based health-tech startup specializing in digital health solutions. This strategic investment, valued at Rs 1.5 crore, aims to capitalize on the growing digital healthcare market and leverage Ampivo's innovative technologies to address pressing social issues. This move follows Bartronics' earlier MoU with Bestvantage Technology, which aims to leverage its expertise in identifying and evaluating promising investment opportunities within the startup ecosystem, aligning with Bartronics' broader strategic objectives.
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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.
The company has a market cap of Rs 676 crore. The stock is up by 41.8 per cent from its 52-week low of Rs 15.65 per share; gave multibagger returns of 420 per cent in 2 years and a whopping 1,570 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.