Penny Stocks Under Rs 100 in Focus for Monday Amid Weak Market Sentiment
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Penny stocks under Rs 100 are likely to remain in focus this week, driven by key triggers such as board meetings, Q4 results, bonus proposals, and fresh order wins.
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Indian equity benchmarks, the BSE Sensex and Nifty 50, ended sharply lower on Friday, April 24, declining over 1 per cent each. The fall was driven by rising crude oil prices and weakness in IT stocks after disappointing results and revenue outlook.
With the Q4 earnings season underway and multiple corporate developments lined up, several Penny Stocks under Rs 100 are expected to remain in focus in the coming week. Key triggers include board meetings, financial results, and fresh business developments.
Here is the list:
String Metaverse Ltd has reported a strong response to its recently concluded Offer for Sale (OFS) of equity shares. The issue was subscribed approximately 149 per cent by non-retail investors on April 21, 2026, and about 495 per cent by retail investors on April 22, 2026.
The Company has scheduled a board meeting on April 29, 2026, to consider a proposal for the issuance of Bonus equity shares, subject to necessary approvals and regulatory requirements. The strong subscription levels and potential bonus issue are likely to keep the stock in focus.
Rajoo Engineers Ltd will hold its board meeting on April 28, 2026, at its registered office.
The board is set to consider:
- Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026
- Recommendation of final Dividend for the financial year ended March 31, 2026
Investors will closely track earnings performance and any dividend announcement as key triggers for the stock.
Magellanic Cloud Ltd has announced fresh order wins through its wholly owned subsidiary, Provigil Surveillance Ltd.
The subsidiary has received two Letters of Acceptance (LOA) from the North Western Railway, Bikaner Division, with a combined value of approximately Rs 8.21 crore. These contracts add to its existing Order Book and highlight the Company’s growing footprint in the railway surveillance and security solutions segment.
Disclaimer: The article is for informational purposes only and not investment advice.