{"id":112986,"date":"2023-11-01T16:05:06","date_gmt":"2023-11-01T10:35:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112986"},"modified":"2023-11-01T16:05:11","modified_gmt":"2023-11-01T10:35:11","slug":"penny-stock-hits-upper-circuit-after-board-approves-15-stock-split-check-the-record-date-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-board-approves-15-stock-split-check-the-record-date-here\/","title":{"rendered":"Penny stock hits upper circuit after board approves 1:5 stock split; Check the record date here\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-389031516\"><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>Shares of this penny stock under Rs 10 hit the 2 percent upper circuit in Wednesday\u2019s trading session after the company\u2019s Board declared stock split in the ratio of 1:5. In the last six months, the company\u2019s stock has delivered more than 200 percent returns for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2849144731\"><!-- 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>With a market capitalization of Rs 86 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/512149\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Avance Technologies Limited<\/a><\/strong> opened their trading hour on Wednesday by hitting its 2 percent upper circuit at Rs 2.16 and currently is locked at the same price.\u00a0<\/p><p>One of the prime reasons for the IT company\u2019s stock price to surge today is pertaining to a recent exchange filing published that pertains to an announcement regarding the company\u2019s Board of Directors approving a stock split in the ratio of 1:5.&nbsp;<\/p><p>The same means a sub-division of the equity shares from one equity share having a face value of Rs 5 each into 5 equity shares having face value of Rs 1 each. Moreover, the company has declared the Record Date for the abovementioned stock split as 10th November 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1310656760\"><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>During the recent financial years, the company has successfully reported an increase in the operating revenues and after-tax profit numbers with the former increasing from Rs 11.52 crores during FY21-22 to Rs 30.53 crores during FY22-23, and, the latter being reported at Rs 41 lakhs during the most recent financial year.&nbsp;<\/p><p>Having a \u2018nil\u2019 debt-to-equity ratio, the company\u2019s profit margins have also come into the positive side and were reported at 1.32 percent during FY22-23.&nbsp;<\/p><p>As per the shareholding data for the quarter ended September 2023, the company\u2019s Promoters just hold a 0.68 percent stake, and the Public (retail) investors hold the remaining 99.32 percent stake in the company.&nbsp;<\/p><p>Avance Technologies Limited is involved in the business of trading information technology (IT) software products. The company\u2019s products and services include enterprise mobile marketing, short code services, electronic mail, web integration, mobile marketing solution suite, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani\u00a0<\/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-1466160894\"><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>Shares of this penny stock under Rs 10 hit the 2 percent upper circuit in Wednesday\u2019s trading session after the company\u2019s Board declared stock split in the ratio of 1:5. In the last six months, the company\u2019s stock has delivered more than 200 percent returns for its stakeholders.&nbsp; With a market capitalization of Rs 86 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97246,"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":[13889,13888,13890,948,936],"class_list":["post-112986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-avance-technologies-latest-news","tag-avance-technologies-share-price","tag-avance-technologies-stock-split","tag-stock-market","tag-stock-market-news"],"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 board approves 1:5 stock split; Check the record date here\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this penny stock under Rs 10 hit the 2 percent upper circuit in Wednesday\u2019s trading session after the company\u2019s Board declared stock split in the ratio of 1:5. 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