Penny stock below Rs 15: This micro-cap company gets D-Link India's nod to sell products on Amazon & Flipkart!

The stock has a 52-week high of Rs 30.85 and a 52-week low of Rs 13.01.

Panabyte Technologies Limited (formerly known as Panache Innovations Limited) informed that the company received authority from D Link India Limited on July 11, 2023 to sell D Link mobile accessories, mobile adaptors (wall chargers) at Amazon & Flipkart online marketplace on the terms and conditions as mutually agreed between both the parties which is valid till December 31, 2023 for domestic market and can be renewed as per the mutual agreements on terms and conditions between the parties.

The authority for executing the contract will be executed on receipt of the required material. No promoter, promoter group, or group companies have any interest in the entity that awarded the order(s)/contract(s)/authorities. The order(s)/contract(s)/authorities through the receipt of this authority would not fall within related party transactions.

Panabyte Technologies Limited is engaged in multi-product distribution viz., consumer electronic & electrical goods and IT hardware & peripherals and Sanitary products. The company has a market cap of Rs 5.82 crore.  

On Wednesday, shares of Panabyte Technologies Limited plunged 4.60 per cent to Rs 13.26 per share from its previous closing of Rs 13.90. The stock has a 52-week high of Rs 30.85 and a 52-week low of Rs 13.01.

Investors should keep an eye on this micro-cap stock.