From lower circuit to upper circuit in this penny stock under Rs 20; Company starts operations of a new retail store at Janipur, Jammu

Lorenzini Apparels Ltd shares hit a 5 per cent upper circuit to Rs 11.03 per share from its previous closing of Rs 10.51 per share. The stock's 52-week high stands at Rs 35.90 per share and its 52-week low is Rs 8.45 per share. In just six minutes, from 10:21 a.m. to 10:27 a.m., the stock reversed course, going from its lower circuit to its upper circuit.

Lorenzini Apparels Ltd, established in 2007, designs, manufactures, and markets ready-made garments for men and women through their own "Monteil" brand, offering formal, semi-formal, and casual wear, both in their exclusive stores and online, while also utilising third-party contractors for some garment production. The company has a market cap of over Rs 190 crore.

Lorenzini Apparels Limited is opening a new retail store in Janipur, Jammu, which will be operational and open to customers starting on September 8, 2025. The company made this announcement in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This new store marks an expansion of the company's retail presence.

According to the Quarterly Results, the company reported revenue of Rs 9.19 crore, operating profit of Rs 0.46 crore and net profit of Rs 0.96 crore. Looking at the annual results, the net sales increased by 16 per cent to Rs 63.42 crore and the net profit increased 10 per cent to Rs 5.84 crore in FY25 over FY24. The company repaid Rs 9.42 crore debt and decreased it Rs 9.57 crore in FY25 compared to FY24.

As of June 2025, the company's promoters own 56.17 per cent; FIIs own 1.56 per cent and the rest of the 42.27 per cent stake is owned by the public shareholders. The stock gave multibagger returns of 350 per cent in 3 years and a whopping 2,728 per cent in 5 years.

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