This penny stock operates in the IT services industry with a market cap of Rs. 308 crore. On Thursday, the company’s shares hit 2% upper circuit within the first half hour of markets opening and is 39% away from 52 week high and has been experiencing strong momentum since mid April 2023, rising 109% since.

The shares of this stock are trading at Rs. 10.10 which is above 37% its 20 day moving average and 86% above its 200 day moving average.

The stock of Bartronics India Ltd (“Bartronics”) is a multibagger, returning 130% in the last 1 year period, meaning if you invested Rs. 1 lakh into Bartronics over a year ago it would have returned you Rs. 2.3 lakh right now. The stock is also a 3 year multibagger, returning 393% in the last 3 year period. 

In a filing dated 20th September 2023 the company announced that it has entered into a Memorandum of Understanding (MOU), today on the day at Hyderabad, Telangana, with M/s. AMPLIFY CLEANTECH SOLUTION PRIVATE LIMITED for Promoting Entrepreneurship, EV Charging Infrastructure Development, and facilitating Loan for the same from Grameen banks in rural areas across India.

In India and other abroad, Bartronics is engaged in offering automatic identification and data capture solutions. It deals in the provision of bar coding, AIDC technologies, RFID, POS, and smart card solutions. In Q1 FY23 revenue stood at Rs. 12 crore vs Rs. 15 crore in FY22. Net Profits in FY23 grew to Rs. 0.46 crore vs a loss of Rs. 14 crore in FY22. 

The company’s shareholding comprises 90% promoter holding, and the rest being held by the public. The promoter holding has been unstable for the last couple of squatters. It was stable at 10% 3 quarters ago which dipped to 0 in Q4 FY23 which subsequently rose to 90% in June quarter FY24. 

Written by Sandeep 


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