Stock below Rs 15: Micro-cap company enters into MoU with Ampivo Smart Technologies Pvt Ltd
DSIJ Intelligence-1Categories: Penny Stocks, Trending
From Rs 2.35 to Rs 14.14 per share, the stock gave multibagger returns of over 500 per cent in 5 years.
On Monday, shares of Bartronics India Limited zoomed 2.32 per cent to Rs 14.14 per share from its previous closing of Rs 13.82 per share. The stock’s 52-week high is Rs 25.84 per share while its 52-week low is Rs 12 per share. The shares of the company saw a spurt in volume by more than 1.20 times on the BSE.
Bartronics India Limited (BIL) has formalized a strategic collaboration with Ampivo Smart Technologies Private Limited through a Memorandum of Understanding (MoU). This agreement aims to harness the distinct strengths of both companies for mutual growth and positive social impact. The core objectives of this partnership include significantly upgrading BIL's current technology infrastructure to boost performance, security, and scalability. Additionally, the companies plan to jointly develop cutting-edge digital solutions utilizing artificial intelligence, data analytics, and other emerging technologies, with a particular focus on financial, healthcare, and commerce applications designed for underserved and rural areas.
Furthermore, the collaboration will explore and implement innovative models for product and service delivery. This will be achieved by combining BIL's extensive on-ground presence with Ampivo's advanced technical expertise, ultimately expanding reach and improving efficiency. This strategic alliance underscores a shared commitment to fostering inclusive technological advancement and developing scalable, sustainable solutions that address both commercial goals and broader societal needs. Notably, Bartronics India Limited holds a 6.37 per cent stake in Ampivo Smart Technologies Private Limited's paid-up capital.
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About the Company
Bartronics India Limited is a pioneering company in the fintech industry, dedicated to delivering innovative financial solutions and fostering inclusive growth. The mission of the organisation is to provide accessible banking services and empower underserved communities through strategic partnerships and initiatives.
According to Quarterly Results (Q4FY25), the company reported net sales of Rs 8.91 crore and a net profit of Rs 0.93 crore. In its half-yearly results (H2FY25), the company reported net sales of Rs 17.62 crore and net profit of Rs 0.60 crore in H2FY25. For the annual results (FY25), the company reported net sales of Rs 40.04 crore and net profit of Rs 1.75 crore.
The company has a market cap of over Rs 400 crore. In FY25, FIIs took a fresh entry and bought 1,20,93,593 shares or 3.97 per cent compared to Nil shareholding in March 2024. From Rs 2.35 to Rs 14.14 per share, the stock gave multibagger returns of over 500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.