Penny Stock Alert: GACM Tech Rallies 7% On New Software Business Expansion News

Penny Stock Alert: Shares of GACM Technologies Limited hit upper circuit after 7% rally on Monday. The sharp jump in financial services stock came after the company announced its Memorandum of Understanding (MoU) with Hyderabad-based Meridian Intelligence Private Limited.

GACM Technologies Business Update

The company executed MoU with Meridian Intelligence Private Limited. With this, the company has planned to strengthen its presence in the software development space and unlocking new, sustainable avenues of growth-oriented revenue.

" The MoU contemplates a cooperative and coordinated working relationship between Parties and is "intended to provide the foundation and framework for any and all anticipated binding agreements relating to the development of software," stated the company in its BSE filing released on Monday.

"The contract value under the said understanding is Rs. 1,500 lakhs (Rupees Fifteen Hundred Lakhs only), and the arrangement shall commence upon the Effective Date stated in the agreement and shall continue until 30 September 2028, thereby providing the Company."

The key monitorable will be how the MoU progresses into operational contracts and whether it contributes meaningfully to revenue. Investors may also watch future exchange filings for updates on project scope, timelines, client obligations and any binding agreement arising from the understanding with Meridian Intelligence.

GACM Share Price History

The stock closed 6.94% higher at Rs 0.77 per share on BSE with a market capitalisation of Rs 84.91 crore. The stock had touched an intraday high mark of Rs 0.79 per share and an intraday low mark of Rs 0.74 per share. GACM stock touched its 52-week high mark of Rs 0.94 per share and its 52-week low mark of Rs 0.40 per share on March 30, 2026. The stock has a return on equity (ROE) of 16.42%. Its share price value has surged 40% in 2026 so far.

The firm reported a net profit of Rs 157 lakh in the March quarter of financial year 2025-26. Its net profit stood at Rs 103 lakh in the December quarter of FY26. Its net revenue stood at Rs 4.85 crore in the March quarter against Rs 3.5 crore in the December quarter.

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