Penny stock under Re 1 hit the lower circuit after securing an order worth Rs 1,92,14,795 from OneIndig Technologies Ltd
DSIJ Intelligence-1 / 24 Sep 2025/ Categories: Penny Stocks, Trending
From Rs 0.71 (52-week low) to Re 0.98 per share, the stock is up by 38 per cent.
On Wednesday, shares of Sylph Technologies Ltd hit a 5 per cent lower circuit to Rs 0.98 per share from its previous closing of Rs 1.03 per share. The stock’s 52-week high is Rs 1.53 per share and its 52-week low of Re 0.71 per share.
Sylph Technologies Ltd has received a domestic purchase order from OneIndig Technologies Limited valued at Rs 1,92,14,795. The order specifies that all materials and services must adhere to MNRE specifications and JAKEDA mandates, and the materials must be supplied within 15 days of the order date, September 23, 2025. The entire contract is set to be completed within three months from the receipt of the purchase order.
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About the Company
Sylph Technologies Ltd, established in 1992, offers a diverse range of services beyond its core software development, encompassing newspaper distribution, financial instrument trading, solar power plant trading, IT services, newspaper printing, business process outsourcing, and knowledge process outsourcing.
In its annual results, the net sales decreased by 88 per cent to Rs 1.96 crore in FY25 compared to Rs 15.75 crore in FY24. The company reported a net loss of Rs 0.93 crore in FY25 compared to a net loss of Rs 2.51 crore in FY24. The company has a market cap of Rs 83 crore with FIIs holding 0.75 per cent stake and the public holding 99.25 per cent stake. From Rs 0.71 (52-week low) to Re 0.98 per share, the stock is up by 38 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.