penny stock panabyte technologies share price today
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Penny Stock: A penny stock is being discussed the most in the Indian stock market for the last two days. Shares of Panabyte Technologies (Panabyte Technologies) has received orders worth crores from Mahindra. In such a situation, the company’s share price hit upper circuit on the first trading day of the week. The company told the stock market that it has received an order worth Rs 8 crore from Mahindra & Mahindra. After this, the company’s share price jumped 10 percent. Last week on Friday, the company’s stock closed at Rs 20 whereas, yesterday i.e. on Monday, it closed at Rs 22. In the last 52 weeks, the company’s share price has reached a record high of Rs 24.85. Experts believe that this record can be broken in the market today. In the last six months, the company has made bumper profits for investors.
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what does the company do
According to the information given to the stock market by Panabyte Technologies, Mahindra & Mahindra has given the company the responsibility of supplying surveillance products, biometric solutions, door access control system and time attendance management tools. Panabyte is a leading company in the tech solutions sector. The company has a large customer base including corporates, government institutions and PSUs whom it serves across a diverse spectrum. The company has also earned decent profits in recent financial years. Due to his good work, he has recently received many contracts.
What is the condition of shares?
The company’s shares have increased the wealth of investors by 10 percent in the market yesterday. At the same time, in the last one month, investors have earned 22.22 percent from stocks. Whereas, in six months, the company’s stock has made a profit of 50.17 percent i.e. about Rs 7.35 per share to the investors. On August 25, the share price of the company was Rs 14.31, which is Rs 22 today. The investors of the company have got a profit of 5.52 percent in one year. The market cap of the company is Rs 9 crore.
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