{"id":110483,"date":"2023-09-21T17:20:00","date_gmt":"2023-09-21T11:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110483"},"modified":"2023-09-21T15:54:09","modified_gmt":"2023-09-21T10:24:09","slug":"penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev\/","title":{"rendered":"Penny stock hits upper circuit after signing MoU with Amplify Cleantech Solution for EV charging Infra Development"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3774789338\"><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 penny stock operates in the IT services industry with a market cap of Rs. 308 crore. On Thursday, the company\u2019s 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. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3128999568\"><!-- 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 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.<\/p><p>The stock of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ASMS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bartronics India Ltd<\/a><\/strong> (\u201cBartronics\u201d) 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.\u00a0<\/p><p>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.<\/p><div class=\"trade-content_5\" id=\"trade-1738970423\"><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>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.&nbsp;<\/p><p>The company\u2019s 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.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep&nbsp;<\/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-2787253467\"><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 penny stock operates in the IT services industry with a market cap of Rs. 308 crore. On Thursday, the company\u2019s 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. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105829,"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":[12346,12347,12345,948,936,12348],"class_list":["post-110483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bartronics-india-latest-news","tag-bartronics-india-latest-orders","tag-bartronics-india-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-bartronics-india-share-going-up"],"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>Penny stock hits upper circuit after signing MoU with Amplify Cleantech Solution for EV charging Infra Development - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This penny stock operates in the IT services industry with a market cap of Rs. 308 crore. On Thursday, the company\u2019s 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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits upper circuit after signing MoU with Amplify Cleantech Solution for EV charging Infra Development\" \/>\n<meta property=\"og:description\" content=\"This penny stock operates in the IT services industry with a market cap of Rs. 308 crore. On Thursday, the company\u2019s 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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T11:50:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/EV-Electric.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev\/\",\"name\":\"Penny stock hits upper circuit after signing MoU with Amplify Cleantech Solution for EV charging Infra Development - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-signing-mou-with-amplify-cleantech-solution-for-ev-charging-infra-dev\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/EV-Electric.jpg\",\"datePublished\":\"2023-09-21T11:50:00+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"This penny stock operates in the IT services industry with a market cap of Rs. 308 crore. 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