Penny Stock Under Rs 10: This Financial Company Receives Purchase Order from Indian Overseas Bank

Parth DSIJ / 31 Mar 2026 / Categories: Mindshare, Trending

Penny Stock Under Rs 10: This Financial Company Receives Purchase Order from Indian Overseas Bank

Avio Smart Market Stack Ltd secures a key order from Indian Overseas Bank, boosting rural banking reach and opening new opportunities for financial inclusion and employment.

Avio Smart Market Stack Ltd (ASMS), formerly Bartronics India Ltd, has received a purchase order from the Indian Overseas Bank to provide Corporate Business Correspondent (CBC) services. The order is part of the Bank’s Financial Inclusion Technology initiative.

The contract covers onboarding, training, and management of Business Correspondent Agents (BCAs), cash handling, and field-level service delivery. It is valid for three years, with a possible extension at the Bank’s discretion.

ASMS will ensure secure and compliant delivery of banking services in rural and semi-urban areas. Services will be supported by technology such as micro-ATMs, biometric devices, and integration with the Bank’s financial systems.

ASMS already operates in over 5,000 villages, providing banking services to underserved communities. The new order will expand this network to about 500 banking touchpoints. The programme will also create jobs for local BCAs and field support staff, supporting livelihoods and strengthening grassroots banking infrastructure.

With DSIJ's Penny Pick, you gain access to carefully researched Penny Stocks that could be tomorrow’s leaders. Ideal for investors seeking high-growth plays with minimal capital. Click here to download the PDF guide

About Avio Smart Market Stack Ltd

Avio Smart Market Stack Ltd is a leading financial inclusion company with a strong presence in rural India. The company operates an extensive on-ground network, reaching underserved communities across the country. Leveraging this network, the company is building an integrated rural platform that spans agriculture, rural commerce, and climate solutions.

Avio Smart Market Stack Ltd Share Price

Avio Smart Market Stack Ltd share price closed at Rs 7.00. This is down Rs 0.13 from the previous close. This translates to a decline of 1.82 per cent from the previous close.

On March 30, 2026, Avio Smart Market Stack Ltd.'s share price opened at Rs 7.13. It reached a high of Rs 7.22 and a low of Rs 6.95. The stock closed at Rs 7.00, below the previous close of Rs 7.13.

Year-to-date, the share price is down 41.09 per cent. Over the past year, it has fallen 47.93 per cent.

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