Penny stock under Rs 50 hit upper circuit after receiving an order for 800 ‘Walker’ brand laptops worth Rs 1,05,60,056

DSIJ Intelligence-1 / 18 Sep 2025/ Categories: Penny Stocks, Trending

Penny stock under Rs 50 hit upper circuit after receiving an order for 800 ‘Walker’ brand laptops worth Rs 1,05,60,056

The stock is up by 27.14 per cent from its 52-week low of Rs 33.86 per share and has given multibagger returns of 100 per cent in 2 years.

On Thursday, shares of Panabyte Technologies Limited hit a 5 per cent upper circuit to Rs 33.86 per share from its previous closing of Rs 32.25 per share. The stock’s 52-week high is Rs 63.36 per share and its 52-week low is Rs 26.63 per share.

Panabyte Technologies Limited has been awarded a domestic contract by a leading online platform partner to supply 800 units of its "Walker" brand laptops. The total value of the order is Rs 1,05,60,056. This order is to be executed within one month. The company views this significant purchase order as a validation of the growing market demand for and trust in its "Walker" brand, and a strategic milestone for its expansion in the technology hardware sector.

DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, download the service details here.

Panabyte Technologies Ltd, formerly known as Panache Innovations Ltd, is a company established in 1981 that deals in a wide range of products. They design and manufacture ICT and IoT devices, and offer various solutions, including Smart Computing Devices, Smart Classrooms, and Smart Asset Management. Additionally, they distribute a vast array of products, including consumer electronics, fire alarm systems, IT hardware, sanitary products, telecom equipment, batteries, and lighting products. They even hold a brand license agreement with HYUNDAI for specific product categories in India.

The company has a market cap of Rs 17.3 crore. The stock is up by 27.14 per cent from its 52-week low of Rs 33.86 per share and has given multibagger returns of 100 per cent in 2 years.

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