Penny stock below Rs 5 with 7,350% multibagger returns, locked in the upper circuit on October 06

DSIJ Intelligence-1 / 06 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending

The stock gave multibagger returns of 473 per cent from its 52-week low of Re 0.52 per share and a whopping 7,350 per cent in 5 years.

On Monday, shares of Avance Technologies hit a 2 per cent Upper Circuit to Rs 2.98 per share from its previous closing of Rs 2.93 per share. The stock also made a new 52-week high of Rs 2.98 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 circuits.

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, Reliance and FDC.

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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 473 per cent from its 52-week low of Re 0.52 per share and a whopping 7,350 per cent in 5 years.

The Board of Directors of Avance Technologies has approved a plan to raise funds through a Rights Issue to its existing equity shareholders. The company intends to issue fully paid-up equity shares to raise an amount not exceeding Rs 49.90 crore. This move is subject to compliance with the relevant provisions of the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.

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Simultaneously, Avance Technologies has entered into a non-binding agreement to acquire Excess2Sell.com, an Indian B2B marketplace specialising in the liquidation of overstock inventory. This acquisition signifies Avance Technologies' entry into the overstock market. The company plans to leverage its technological expertise to enhance the platform, aiming to help manufacturers, wholesalers, and retailers tackle the challenge of unsold inventory. By connecting sellers with buyers and implementing features like smart pricing and real-time insights.

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