Multibagger penny stock at Rs 20.18 hit upper circuit as Board is likely to sign MoU with TPW Global Singapore-based semiconductor solutions company
The stock is up by 29 per cent from its 52-week low of Rs 15.65 per share; gave multibagger returns of 370 per cent in 2 years and a whopping 1,500 per cent in 5 years.
On Friday, shares of Bartronics India Limited hit a 5 per cent upper circuit to Rs 20.18 per share from its previous closing of Rs 18.35 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 10 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 TPW Global Singapore-based Semiconductor solutions company.
About TPW Global Singapore: The company is a leading provider of semiconductor solutions, offering a comprehensive range of services and products to support the entire semiconductor value chain. They specialize in the design, manufacturing, testing, packaging, and distribution of integrated circuits (ICs), serving a wide range of customers including OEMs, fabless semiconductor companies, system integrators, and independent design houses.
Earleir, Bartronics India Limited has 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 over Rs 600 crore. The stock is up by 29 per cent from its 52-week low of Rs 15.65 per share; gave multibagger returns of 370 per cent in 2 years and a whopping 1,500 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.