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“Avans Technologies’ Penny Stock Hits Upper Circuit on 1:2 Stock Split Declaration”

Avans Technologies is a small-cap business with a market capitalization of 10.31 Crore that operates in the IT industry. Among the top businesses in mobile marketing is Avance Technologies Ltd. This penny stock reached the 4% upper circuit limit at today’s BSE closing after the board declared a 1:2 stock split and set a record date for it.

“The Equity Shares of the Corporation are subdivided into 2 (two) Equity Shares, each with a fully paid-up face value of Rs. 5/- (Rupees Five Only), from 1 (one) Equity Share of face value of Rs. 10/- (Rupees Ten Only). On Friday, March 31, 2023, the Company’s Board of Directors made the decision to assess the shareholders’ eligibility for the purpose of dividing or splitting the Company’s equity shares. the “record date” is a defined date. Technology for filing on the stock exchange.

The company reported a net income of Rs. 3.67 crore for the quarter that ended in December 2022 as opposed to Rs. 1.20 crore for the quarter that ended in December 2021. The company’s net expense was as opposed to 3.59 Cr during Q3FY23 and 1.15 Crore during Q3FY22, while its EBIT came in at 0.08 Cr as opposed to 0.05 Cr in the same quarter last year. According to Avance Technologies, its net profit increased to 0.05 crore from 0.08 crore in the third quarter of FY2012.

Avans Technologies’ stock ended the day at the BSE’s 4% upper circuit limit. 0.52 for every level. The stock experienced a deliverable volume average of 100% and a total average volume of 2,09,146 shares. The stock has increased 6.12% over the past year, and so far in 2023, it has increased 40.54% YTD. It has increased by 36.84% over the past month and by 26.83% over the past six months. Avance Technologies stock has increased 18.18% during the past five trading days. On June 2, 2023, the stock price fell to a 52-week low of 0.36. The company announced that during Q3FY23, promoter shareholding was 0.88% and public shareholding was 99.12%. Technologies Avans

Also Read: “WazirX Blacklists 2,431 Accounts Over Unlawful Transactions”


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