Multibagger Stock under Rs 1: Don't miss action in this penny stock that has announced stock split!

On Friday, the benchmark Indian indices ended the day weak. BSE Sensex Index was down by 0.69 per cent at a level of 57,527.10 and NSE Nifty-50 Index was down 0.77 per cent at a level of 16,945.85.   

Despite being a weak market, shares of Avance Technologies surged 5 per cent upper circuit to Rs 0.58 per share from its previous closing of Rs 0.56. The stock also traded at a new 52-week high of Rs 0.58 per share.  

Avance Technologies informed that the Company passed the resolution for approval of sub-division/split of equity shares of the company have been sub-divided from 1 equity share having a face value of Rs 10 each, fully paid up into 2 equity shares having a face value of Rs 5 each fully paid up. The company verified the record date for the stock split as Friday, March 31, 2023.  

Avance Technologies Limited (BSE Script Code: 512149) designs and develops software solutions. The company offers a platform to provide mobile marketing, subscriber management, call conferencing and web integration solutions. Avance Technologies serves clients in India.  

Avance Technologies Ltd has a market cap of Rs 11.50 crore. The company reported excellent numbers in its latest Quarterly Results (Q3). The stock is up by 18.37 per cent in 1 year and over 205 per cent in 3 years. Investors should keep an eye on this Small-Cap multibagger stock.