Penny Stock Under Rs 5: Company Secures Order Worth Rs 500 Million Rallied 20 Per cent in Just 1 Day and Hits Upper Circuit on Friday!

Incorporated in 1994, this micro-cap company specializes in realty operating services and the trading of infrastructure materials. The company undertakes comprehensive turnkey projects for villas and apartments and provides customized solutions for wardrobes, entertainment units, modular kitchens, and built-in furniture. To date, Croissance Limited has completed over 350 projects, offering more than 60 new designs for over 310 clients.

Croissance Ltd has secured an order to construct premium villas in the upcoming Nandi Hills development in Bengaluru, valued at Rs 500 million. The project is set to commence in this quarter.

On Friday, shares of Croissance Ltd closed at around Rs 4.51 per share. The company’s current market capitalization stands at Rs 30.92 crore. The stock has delivered a return of over 15 per cent in a week.

According to the annual performance, Croissance Ltd reported a sale of Rs 0.66 crore compared to Rs 2.60 crore in FY24. The company’s operating profit stood at Rs 0.08 crore. Moreover, the company’s net profit of Rs 0.07 crore compared to Rs 0.49 crore.

According to the shareholding pattern of the company, the company’s promoters hold 59.75 per cent in the first quarter of FY25, while public investors hold a 40.26 per cent stake.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.