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Penny stock under Rs 5 in green as company is expanding its retail footprint by opening 20 new Dava Discount outlets across key cities in India
Penny stock under Rs 5 in green as company is expanding its retail footprint by opening 20 new Dava Discount outlets across key cities in India

Penny stock under Rs 5 in green as company is expanding its retail footprint by opening 20 new Dava Discount outlets across key cities in India

Operating profit margins are expected to range from 5 per cent to 9 per cent, varying based on location and geographical factors.

Kiran Shroff Article rating: 3.7

This expansion include a projected annual revenue per outlet ranging from Rs 15 million to Rs 20 million, leading to a total projected revenue of Rs 300 million to Rs 400 million annually from all 20 outlets.

Rs 50,00,00,000 investment: Penny stock under Rs 5 in focus as company to open 33 new stores across India and bags contract from Indian Railways
Rs 50,00,00,000 investment: Penny stock under Rs 5 in focus as company to open 33 new stores across India and bags contract from Indian Railways

Rs 50,00,00,000 investment: Penny stock under Rs 5 in focus as company to open 33 new stores across India and bags contract from Indian Railways

The stock’s 52-week high is Rs 14.69 and its 52-week low is Rs 3.42.

Kiran Shroff Article rating: 3.8

Today, shares of the company plunged 3.36 per cent to Rs 3.45 per share from its previous closing of Rs 3.57 with an intraday high of Rs 3.63 and an intraday low of Rs 3.42.

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