Debt-free multibagger penny stock under Rs 20: This fintech innovator partnering with Augmont Goldtech Pvt Ltd; details inside!
The stock is up by 78.3 per cent from its 52-week low of Rs 9.76 per share and a whopping 475 per cent in 3 years.
Bartronics India Limited has entered into a strategic five-year partnership with Augmont Goldtech Private Limited to expand the reach of gold and silver products across India. This collaboration leverages Bartronics' extensive distribution network and financial inclusion platforms to market Augmont's gold and silver bullion and jewellery. By integrating Augmont's products into the Bartronics portal, the partnership aims to offer consumers direct and convenient access to high-quality precious metals. Both companies anticipate significant growth opportunities from this alliance, with Bartronics benefiting from diversified product offerings and expanded market reach, and Augmont gaining access to a wider customer base through Bartronics' distribution channels.
The partnership is expected to provide substantial benefits to consumers. By making Augmont's products available through the Bartronics portal, customers can expect increased accessibility, potentially competitive pricing, and a seamless purchasing experience. This collaboration aligns with the growing demand for gold and silver investments in India and addresses the need for a wider distribution of these precious metals.
The core of this partnership lies in the integration of Augmont's products into Bartronics' existing infrastructure. By utilizing its financial inclusion network, distribution channels, and online platform, Bartronics aims to drive sales and marketing efforts for Augmont's offerings. This strategic move positions Bartronics as a key player in the precious metals market and enables it to tap into a new customer segment.
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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.
On Monday, shares of Bartronics India Limited plunged 3.12 per cent to Rs 17.40 per share from its previous closing of Rs 17.96 with an intraday high of Rs 18.46 and an intraday low of Rs 17.30. 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 Rs 530 crore and as of March 31, 2024, the company is debt-free. The stock is up by 78.3 per cent from its 52-week low of Rs 9.76 per share and a whopping 475 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.
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