Multibagger penny stock at Rs 2 locked in upper circuit after signing a non-binding term sheet to acquire a strategic stake in Pushpak AI

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Multibagger penny stock at Rs 2 locked in upper circuit after signing a non-binding term sheet to acquire a strategic stake in Pushpak AI

The stock gave multibagger returns of 285 per cent from its 52-week low of Re 0.52 per share and a whopping 4,875 per cent in 3 years.

On Thursday, shares of Avance Technologies Ltd hit a 5 per cent Upper Circuit to Rs 2 per share from its previous closing of Rs 1.91 per share. The stock has a 52-week high of Rs 3.15 per share and its 52-week low is Re 0.52.

Avance Technologies Limited, a BSE-listed tech provider, has officially signed a non-binding term sheet to acquire up to a 100 per cent equity stake in Pushpak AI. This Hyderabad-based startup, incubated at T-Hub, specialises in Computer Vision and Edge AI analytics. The move marks Avance’s aggressive entry into a global AI market that is projected to soar to USD 2.4 trillion by 2032, positioning the company to capture the rapid demand for visual intelligence across multiple high-growth industries.

The acquisition integrates Pushpak AI’s advanced suite of solutions, which transform raw visual data into real-time actionable intelligence. By processing video feeds and documents at the "edge," the platform enables low-latency alerts for safety compliance, facial recognition and intelligent traffic management. These tools are becoming essential for operational efficiency in India, where AI is expected to contribute nearly USD 500 billion to the national GDP by 2035.

Pushpak AI brings a prestigious and diverse enterprise client base to Avance Technologies. Its solutions are already deployed by major market leaders such as Maruti Suzuki, TVS Motor Company and Hero, alongside large-scale infrastructure players and smart city projects. The platform’s versatility is further proven by its work with institutional and Defence-linked entities like the Military College of Electronics and Mechanical Engineering (MCEME), underscoring its readiness for mission-critical applications.

Through this proposed deal, Avance Technologies will gain full strategic and operational control over Pushpak AI’s intellectual property and enterprise relationships. This deeper integration is designed to optimise resource utilisation and scale high-availability infrastructure across global markets. By uniting Avance’s market reach with Pushpak’s technical strengths in Intelligent Document Processing (DocAI) and unified intelligence, the company aims to deliver significant long-term value to its shareholders.

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About the Company

Avance Technologies Ltd is an IT distribution specialist focused on the resale of software and hardware alongside a comprehensive suite of digital solutions. The company provides extensive services ranging from performance marketing and SEO to advanced technical fields like AI, Blockchain and Cloud Services. Additionally, they offer specialised communication tools such as WhatsApp e-commerce and interactive short-code SMS services to help businesses automate and optimise their customer engagement.

In its annual results, the company reported net sales of Rs 172 crore and net profit of Rs 5 crore in FY25. The company has a market cap of Rs 396 crore. The stock gave multibagger returns of 285 per cent from its 52-week low of Re 0.52 per share and a whopping 4,875 per cent in 3 years.

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