Multibagger penny stock under Rs 5 and reports a 1,555 per cent jump in net profit: Board announce stock split!
The stock gave multibagger returns of 225 per cent in just 6 months, 1000 per cent in 1 year and a whopping 2,140 per cent in 5 years.
On Friday, shares of Avance Technologies hit 2 per cent upper circuit to Rs 2.24 per share from its previous closing of Rs 2.20. The stock’s 52-week high is Rs 2.66 and its 52-week low is Rs 0.18. In the recent trading session, the stock is hitting back-to-back upper circuits.
Avance Technologies Ltd informed that the Board of Directors of the company has approved a stock split of shares in the ratio 5:1 i.e., existing 1 (one) equity share having a face value of Rs 5 each is divided into 5 equity shares having face value of Rs 1 each fully paid-up. The company fixed the record date for stock split as Friday, November 10, 2023.
The company also announced its Quarterly Results wherein the net sales skyrocketed by 1,049 per cent to Rs 16.98 crore the net profit skyrocketed by 1,555 per cent to Rs 0.70 crore in Q2FY24 over Q2FY23. The net sales increased by 165 per cent to Rs 30.53 crore and net profit increased by 166 per cent to Rs 0.41 crore in FY23 over FY22.
Avance Technologies Limited (BSE Script Code: 512149) designs and develops software solutions. The company offers a platform to provide mobile marketing, subscriber management, call conferencing, and web integration solutions. Avance Technologies Ltd has a market cap of Rs 89 crore.
The stock gave multibagger returns of 225 per cent in just 6 months, 1000 per cent in 1 year and a whopping 2,140 per cent in 5 years. Investors should keep an eye on this micro-cap multibagger stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
978 per cent jump in net profit: Multibagger penny stock under Rs 50 hit upper circuit & 52-week high as it announces stellar quarterly results & stock split!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 75 hit back-to-back upper circuits: Board announces bonus shares & stock split; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 60 with 4,000 per cent returns: Board announced bonus shares & stock split; scrip hit upper circuit!
-
Multibagger penny stock under Rs 2: Board announces stock split of shares; reports a 500 per cent jump in net profit!
-
Multibagger penny stock under Rs 2; Board likely to announce stock split!
-
Multibagger Stock under Rs 1: Don't miss action in this penny stock that has announced stock split!
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
1,389 per cent multibagger returns and promoters bought 3,40,000 shares; Board announced stock split – Record date inside!
-
Multibagger penny stock under Rs 5 with 7,625 per cent returns hit consecutive upper circuits; PAT zooms over 1,200 per cent!
-
5:1 stock split & 25,000 per cent returns: Multibagger micro-cap stock hit 20 per cent upper circuit on February 19 – scrip trades at high ROE and high ROCE
-
Multibagger penny stock at Rs 1.32 hit non-stop 70 consecutive upper circuits; Board likely to raise funds via rights issue or QIP for business expansion!
-
19,000 per cent returns & PAT zooms over 4,400 per cent: Multibagger micro-cap stock hit 20 per cent upper circuit as it announces stock split – know the record date inside
-
Multibagger penny stock below Rs 7 & FIIs increase stake: This meters manufacturing company bags reputed orders for most advanced state-of-the-art ultrasonic gas meters
-
Back-to-back upper circuits and 52-week highs in this multibagger penny stock after a 4:1 bonus share; order book stands over Rs 1,400 crore
-
Heavy buying multibagger penny stock under Rs 35: Bags order from Ministry of Petroleum & Natural Gas; stock hit upper circuit on February 02
-
Multibagger penny stock below Rs 5 hit upper circuit as the Board fixed record date for bonus shares in ratio of 1:5
-
4:1 Bonus Share: Multibagger penny stock under Rs 100 with Rs 1,440 crore order was locked in 20 per cent upper circuit on January 20
-
From Rs 7.58 to Rs 16.23 per share in less than 1 month: Heavy buying witnessed in this multibagger penny stock; hit back-to-back upper circuits & 52-week highs!