Only buyers in this penny stock under Rs 20: Hits back-to-back upper circuits; Do you own it?

On Tuesday, shares of Osia Hyper Retail Limited hit a 5 per cent upper circuit to Rs 19.28 per share from its previous closing of Rs 18.37 per share. The stock has been hitting back-to-back upper circuits in recent trading sessions.

Osia Hyper Retail Ltd., incorporated in 2014, is a retail chain primarily operating in Gujarat and Jhansi. The company's business model is split equally between food and non-food divisions, offering a vast selection of over 3,00,000 products. Its retail network consists of 37 stores, including 31 large-format Osia Hypermarts, which offer a wide range of products from groceries and apparel to household goods and 5 smaller Mini Osia stores that focus on daily grocery needs. Additionally, the company operates one warehouse to support its store network.

The Board of Directors of a company approved several key financial and corporate actions. These decisions, made in accordance with SEBI regulations, include a significant increase in the company's Authorised Share Capital to Rs 500 crore. Additionally, the board approved multiple capital-raising initiatives to be undertaken subject to shareholder approval. These include a Qualified Institutions Placement (QIP) of equity shares to raise up to Rs 200 crore, a Preferential Allotment of equity shares to raise up to Rs 100 crore, and a Preferential Allotment of Convertible Warrants to raise up to Rs 350 crore. The total capital-raising plan amounts to Rs 650 crore.

These proposals will be presented to the company's members at an Extraordinary General Meeting (EGM) scheduled for September 22, 2025. The notice for the EGM will be dispatched to shareholders in due course. As part of the preferential issue, the company will allot 4,54,54,545 equity shares to Elitecon International Limited, a non-promoter investor. Following this allotment, Elitecon International Limited's shareholding in the company will be approximately 11.91 per cent.

According to Quarterly Results, the company reported net sales of Rs 326.48 crore in Q1FY26. The company reported a net profit of Rs 8.04 crore in Q1FY26 compared to a net profit of Rs 0.53 crore in Q4FY25, an increase of 1,417 per cent QoQ.

In June 2025, the promoters bought 65,00,000 shares & FIIs bought 4,24,488 shares, increasing their stake to 47.53 per cent and 0.52 per cent, respectively, compared to March 2025. The company's shares have a 52-week high of Rs 50.47 per share and a 52-week low of Rs 11.31 per share. The stock is up over 70 per cent from its 52-week low of Rs 11.31 per share and the company has a market cap of Rs 317.3 crore.

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