106% Returns in 3-Months: Penny Stock Under Rs 2 Hit Back-to-Back Upper Circuits & a Fresh New 52-week High

DSIJ Intelligence-2 / 28 Jul 2025/ Categories: Mindshare, Trending

106% Returns in 3-Months: Penny Stock Under Rs 2 Hit Back-to-Back Upper Circuits & a Fresh New 52-week High

The stock gave multibagger returns of 157 per cent from its 52-week low of Re 0.52 per share and a whopping 5,000 per cent in 5 years.

On Monday, shares of Avance Technologies hit a 1.52 per cent upper circuit to Rs 1.34 per share from its previous closing of Rs 1.32 per share. The stock also made a new 52-week high of Rs 1.34 and its 52-week low is Re 0.52.

On July 16, 2025, Avance Technologies Limited announced the signing of a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, which operates the B2B inventory liquidation marketplace, www.Excess2Sell.com.  The company stated that the press release content is self-explanatory and requested that the information be taken on record. 

Excess2Sell.com is described as an 8-year-old, tech-enabled B2B platform in India specialising in the liquidation of excess, open-box, and returned inventory, serving brands, manufacturers, vendors, and wholesalers nationwide. The proposed acquisition is subject to due diligence and regulatory approvals. This strategic move is intended to mark Avance Technologies' entry into the overstock inventory liquidation sector, addressing the challenge of unsold inventory in the retail industry. Excess2Sell.com was founded to connect excess inventory with value-conscious buyers through a scalable platform that helps manufacturers, wholesalers, and retailers liquidate surplus stock efficiently. The platform utilises smart pricing algorithms and consumer insights to maximise recovery value and offers discounted, high-quality products. Its categories include electronics, fashion, home goods, and lifestyle products. Vijay Purohit, CFO of Avance Technologies Limited, stated that this acquisition would integrate Avance Technologies' technological infrastructure with a proven marketplace model, opening new growth opportunities in both B2B and B2C segments.

In its annual results, the company reported net sales of Rs 172 crore and net profit of Rs 5 crore in FY25. The company has a market cap of Rs 246 crore. The stock gave multibagger returns of 157 per cent from its 52-week low of Re 0.52 per share and a whopping 5,000 per cent in 5 years. The stock has given 106 per cent returns in the last month.

Avance Technologies Limited, incorporated in 1985 and headquartered in Mumbai, is engaged in the trading of information technology software products and offers IT and software development solutions. The company's services focus on digital transformation, messaging services, and mobile marketing. Their digital infrastructure management services encompass data center management and optimisation, cloud computing solutions, Internet of Things (IoT) infrastructure management, data storage solutions, digital transformation consulting, hybrid cloud integration, and remote infrastructure management. Avance Technologies also provides data centre services, including network infrastructure design and deployment, server management and maintenance, unified communications solutions, data backup and restoration services, and high availability infrastructure design. The company aims to help businesses enhance operational efficiency and stay competitive by delivering innovative services and leveraging expertise in cloud and SMS gateway technologies.

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