{"id":109209,"date":"2023-09-06T18:39:21","date_gmt":"2023-09-06T13:09:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109209"},"modified":"2023-09-06T18:39:27","modified_gmt":"2023-09-06T13:09:27","slug":"stock-under-6-penny-stock-hits-5-upper-circuit-after-announcing-14-bonus-issue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-under-6-penny-stock-hits-5-upper-circuit-after-announcing-14-bonus-issue\/","title":{"rendered":"Stock under \u20b9 6: Penny stock hits 5% upper circuit after announcing 1:4 Bonus Issue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1795062471\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This stock hit its upper circuit of 5% from Rs. 5.24 to Rs. 5.55 on volumes that were 1.2x monthly average volume and in line with yesterday\u2019s volumes. The stock has a market cap of Rs. 53 crore. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2135711471\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock has been on an uptrend since January 2023 and closed 50% above its 200 day moving average on Wednesday. The stock is currently experiencing range bound trading between strong resistance and support with prospects of a breakout.\u00a0\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/541735\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Vivanta Industries Ltd<\/a><\/strong> (\u2018Vivanta\u201d) announced in a filing dated 6th September 2023 that Board of Directors of the Company, in their meeting held today, at the Registered Office of the Company has considered and approved the allotment of Bonus equity shares having face value of Re. 1\/- each in the proportion of 1 new fully paid-up equity share for every 4 existing equity shares held by the Shareholders of the Company as on the Record Date determined by the Board\u00a0 (i.e. 05th September, 2023)<\/p><p>The company reported impressive results in Q1 FY24. Artson\u2019s revenue grew a staggering 2,350% YoY from Rs. 0.7 crore in Q1 FY23 to Rs. 17.7 crore in Q1 FY24. In the same period, Net Loss reduced 41% YoY from a loss of Rs. 0.4 crore to a loss of Rs. 0.3 crore. EBITDA also grew 4.2% YoY from Rs. 0.24 crore to Rs. 0.25 crore. The company reported Basic EPS of 0.04 in Q1 FY24 versus the same 0.04 in the same period previous year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3473172559\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s promoter holding has been decreasing for the last 5 quarters. It has gone from 75% to 70% to 60% to 59% to currently. The rest is held by the retail public. The promoter pledge stands at 0% all quarters except in Q4 FY23 when it was 7%.&nbsp;<\/p><p><strong>Disclaimer<\/strong>: Since penny stocks are generally illiquid, even a small increase in volume of buy orders can lead to the stock hitting its upper circuit. Even though the stock prices come under an average buying range for retail investors and provide huge upsides, penny stocks are prone to huge risks to retail investors. As such, you should consult your financial advisor before taking an entry into such stocks.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1103991583\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This stock hit its upper circuit of 5% from Rs. 5.24 to Rs. 5.55 on volumes that were 1.2x monthly average volume and in line with yesterday\u2019s volumes. The stock has a market cap of Rs. 53 crore. The stock has been on an uptrend since January 2023 and closed 50% above its 200 day [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":106353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11784,948,936,11782],"class_list":["post-109209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-penny-stock-bonus","tag-stock-market","tag-stock-market-news","tag-vivanta-industries-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock under \u20b9 6: Penny stock hits 5% upper circuit after announcing 1:4 Bonus Issue - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This stock hit its upper circuit of 5% from Rs. 5.24 to Rs. 5.55 on volumes that were 1.2x monthly average volume and in line with yesterday\u2019s volumes. 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