EV Penny Stock Under Rs 30: Company grabs prestigious order from GHCL Limited

DSIJ Intelligence-1 / 01 Sep 2025/ Categories: Multibaggers, Penny Stocks, Trending

EV Penny Stock Under Rs 30: Company grabs prestigious order from GHCL Limited

The stock is up by 12.8 per cent from its 52-week low of Rs 23.38 per share and has given multibagger returns of over 2,770 per cent in 5 years.

Ampvolts Limited, one of India’s leading EV infrastructure and green mobility solution providers, has been awarded a long-term contract from GHCL Limited for the transportation of imported commodities from Pipavav port to their Sutrapada factory. Under this contract, Ampvolts will deploy 10 electric trucks of 55 tons and operate it through one of the GHCL’s empanelled Local Service Provider (LSP). This deal will further ensure Ampvolts' charging station’s Minimum Usage Guarantee (MUG) and will also bring decent turnover backed with healthy EBITDA.

About Ampvolts Limited

Ampvolts is a leading provider of EV charging hubs and green mobility solutions, offering a full range of ARAI-certified AC and DC chargers. Focused on the B2B market, the company provides innovative and sustainable charging solutions for both domestic and international clients, supporting the transition to electric vehicles, including cars, buses, and trucks. By developing the necessary infrastructure for green corridors, Ampvolts aims to solve the operational challenges faced by users and service providers, thereby helping to create a cleaner and greener planet.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.

The company has a market cap of over Rs 60 crore and the stock is trading below Rs 30 per share. The stock is up by 12.8 per cent from its 52-week low of Rs 23.38 per share and has given multibagger returns of over 2,770 per cent in 5 years.

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