Multibagger penny stock under Rs 20, zooms 12% after entering into a MoU with Net Zero Initiative Pvt Ltd
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
From Rs 1.95 to Rs 16.89 per share, the stock gave multibagger returns of over 700 per cent in 5 years.
On Tuesday, shares of Bartronics India Limited zoomed 12 per cent to an intraday high of Rs 16.89 per share from its previous closing of Rs 15.07 per share. The stock’s 52-week high is Rs 25.80 per share while its 52-week low is Rs 11.77 per share. The company has a market cap of over Rs 480 crore. From Rs 1.95 to Rs 16.89 per share, the stock gave multibagger returns of over 700 per cent in 5 years.
Bartronics India Limited (BIL) has signed a non-binding Memorandum of Understanding (MoU) with Net Zero Initiative Private Limited (RenewCred) to explore large-scale sustainable agriculture and carbon credit generation. The collaboration will leverage BIL's farmer network and RenewCred's technology platform to develop a transparent carbon credit standard and registry using blockchain and digital MRV (Monitoring, Reporting, and Verification) systems. The initiative will also involve deploying advanced technologies like IoT, machine learning, and drone surveys for farm-level assessment.
The partnership aims to promote regenerative agriculture and other climate-smart practices through farmer training programs. A key goal is to generate high-quality carbon credits and ensure that the proceeds are channelled back to the farmers, providing them with a supplemental income. The MoU is currently an exploratory agreement and does not create any binding obligations or a formal joint venture between the two companies. This collaboration highlights the shared goal of both companies to engage in research and innovation for sustainable agriculture and carbon reduction projects.
About the Company
Bartronics is a leading brand specialised in digital banking, financial inclusion, and identity management technologies. With its focus on agritech, automation, and intelligent systems, the company is expanding its global footprint while delivering sustainable impact through technology. The brand caters to 1 million+ customers.
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In the first quarter of fiscal year 2026, the company reported net sales of Rs 8.83 crore and a net profit of Rs 0.45 crore. These figures follow its annual performance for fiscal year 2025, which saw net sales of Rs 40.04 crore and a net profit of Rs 1.75 crore. The company has also approved a change in its official location, moving its registered and corporate offices within Hyderabad to a new address at Trendz Atria House.
The company has made a significant appointment, bringing on Mr. Panidapu Lakshmi Naga Srinivasa Rao as a new Non-Executive Independent Director. Mr. Rao's background includes leadership roles at well-known firms like McKinsey & Company and Kusto Capital, where he focused on advising companies on growth, fundraising, and mergers and acquisitions. His expertise is particularly valuable as the company expands its focus into India's rapidly growing agritech sector, which is projected to be worth over USD 24 billion by 2025. His experience in aligning capital with strategic goals is expected to be crucial for the company's new strategic direction in this evolving market.
Disclaimer: The article is for informational purposes only and not investment advice.