Multibagger Penny Stock Hits 14-Year High; An investment of Rs 1 lakh turns Rs 4,48,080 in just 167 days!

On Monday, shares of Avance Technologies hit a 2 per cent upper circuit to Rs 2.43 per share from its previous closing of Rs 2.29 per share. The stock also made a new 52-week high & 14-year high of Rs 2.43 per share and its 52-week low is Re 0.52. In the recent trading sessions, the stock has been hitting back-to-back upper circuit, for 43 straight trading sessions.

Avance Technologies Ltd, founded in 1985, offers a wide range of IT products and services. They not only sell hardware and software but also develop custom solutions based on client needs. Their expertise includes market research, trend analysis and data-driven strategy development. Avance Technologies also provides a comprehensive suite of digital marketing services, including SEO, social media management, content creation and marketing automation. Additionally, they offer specialised services in areas like influencer marketing, app marketing and e-commerce using WhatsApp. Their clientele boasts big names like Tata Tele, multibagger-debt-free-stock-hit-upper-circuit-after-receiving-letter-of-award-loa-from-nhpc-ltd-id001-51791">Reliance and FDC.

The Board has considered and approved raising of funds through issue of fully paid-up equity shares on rights basis to the existing equity shareholders of the Company for an amount not exceeding Rs 49.90 crore (Rupees Forty-Nine Crores Ninety Lakhs only), in accordance with the provisions of Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws.

The company has also signed a non-binding agreement to acquire Excess2Sell.com, an Indian B2B marketplace for liquidating overstock inventory. This acquisition marks Avance Technologies' entry into the overstock market, leveraging its technological expertise to enhance Excess2Sell.com's platform. The move aims to address the challenge of unsold inventory for manufacturers, wholesalers, and retailers by connecting them with buyers and utilising features like smart pricing and real-time insights to optimise recovery value.

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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 430 crore. The stock gave multibagger returns of 317.3 per cent from its 52-week low of Re 0.52 per share and a whopping 5,325 per cent in 5 years. If an investor who bought shares at their 52-week low of Re 0.52, had invested approximately Rs 1,00,000. In just 167 days, that initial investment grew to Rs 4,48,080, representing a multibagger return.

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