Multibagger penny stock at Rs 25 Hit Upper Circuit After Signing MoU with Singapore’s PTW Group to Embrace Semicon Innovations
The stock is up by 45 per cent from its 52-week low of Rs 15.65 per share; gave multibagger returns of 430 per cent in 2 years and a whopping 1,540 per cent in 5 years.
On Monday, shares of Bartronics India Limited hit a 5 per cent upper circuit to Rs 22.65 per share from its previous closing of Rs 21.58 per share. The stock’s 52-week high is Rs 28.67 while its 52-week low is Rs 15.65.
Bartronics India Ltd. and Singapore's PTW Group have entered into a Memorandum of Understanding (MoU) to collaborate on advancing India's semiconductor industry. This partnership marks PTW's entry into the Indian market and aims to leverage their expertise in semiconductor solutions to support India's ambitions of becoming a global semiconductor hub.
Key aspects of the collaboration include the establishment of new facilities in India. These facilities will focus on semiconductor equipment production, refurbishment, and training programs. By combining PTW's global technical capabilities with Bartronics' deep market insights, the partnership aims to drive innovation in advanced manufacturing, workforce training, and research and development within India's semiconductor sector.
PTW Group brings a strong track record to the partnership. As a leading global provider of semiconductor solutions with an extensive network of clients, including major players like TSMC and Samsung, they possess the expertise and resources to support the growth of India's semiconductor industry. Their ability to refurbish and commission semiconductor equipment cost-effectively aligns perfectly with India's efforts to liberalize its semiconductor market.
Bartronics, a pioneer in introducing technologies like barcodes and RFID to India, views this partnership as a strategic move. The company recognizes the significant growth potential of India's semiconductor industry and aims to leverage this collaboration to maintain its position as a technological leader. By embracing this partnership with PTW, Bartronics seeks to contribute meaningfully to India's economic and technological advancement.
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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 690 crore. The stock is up by 45 per cent from its 52-week low of Rs 15.65 per share; gave multibagger returns of 430 per cent in 2 years and a whopping 1,540 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.