99% Return In 3 Months! Penny Stock Under Re 5 Hits Rallies On Business Milestone

Penny Stock Alert: Shares of GACM Technologies rallied during Thursday's trading session after the company announced the execution of Memorandum of Understanding (MoU) with Winfluential Private Limited.

GACM Technologies share price was trading 1.92% higher at Rs 1.06 per share on BSE with a market capitalisation of Rs 169.36 crore at 2:37 pm on Thursday. The stock had touched an intraday high of Rs 1.07 per share and an intraday low of Rs 1.05 per share.

GACM Technologies Business Update

GACM Technologies executed an MoU with Winfluential Private Limited, under which the company has appointed as the technology development partner for the design, development,testing and implementation and deployment of an AI-powered integration insurance technology platform.

"The estimated consideration for the mandate is Rs 250.0 million (Indian Rupees Two Hundred Fifty Million only), plus applicable GST and other statutory taxes, to be executed over a period of 18 to 24 months from the Project Commencement Date," stated the firm in its BSE filing released on Thursday, August 27.

As per the MoU, the firm will build a single, API-first, cloud-native platform that will unify the entire insurance distribution and servicing lifecycle. The MoU records the broad commercial and technical understanding between the parties.

The technology consultancy company completed its Qualified Institutions Placement (QIP) last week, through which 49.5 crore equity shares were allotted at Re 1 per share. The Rs 49.5 crore QIP concluded on August 14 after it opened on August 13.

GACM Technologies Share Price Trend

The stock opened higher during Thursday's trading session. The penny stock touched 52-week high of Rs 1.07 per share on August 27, 2026. The stock dipped to its 52-week low of Rs 0.40 per share on March 30, 2026. The stock has a return on equity (ROE) of 13.23%, Its share price value has surged 38.8% in two weeks and around 93.7% in one month. The stock has delivered close to 69% return in 2026 so far.

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