Penny Stock Hits 5% Upper Circuit Ahead of Q2 Result Announcement

Pritika Auto Industries Ltd hits an all-time high of 4.96% making the share price to be Rs. 22.23.
The company first came into existence on 11th April 1980. The IPO of the company came on 1st October 2015, with a share price of Rs.29.00. The company is shining with a market capacity of Rs.196.85 Crores. The company has taken into account Rs 22.54 crore for investing activities which is going to alter the YoY and now making it to a YoY increase of 278.6% which will be pleasing to everybody who is thinking of investing in the company in the future term.

Share price history

If an investor had invested Rs. 1 lakh in this share with a share price of Rs. 18.15 then they would have possession of 5,509 shares and taking into consideration the share price at today's market the worth of the total 5,509 shares would be Rs.1,24,172. Considering the up-downs of the market over the recession period and many other difficulties the company has provided a good reason to put faith in it. The company has given hints to further development by its actions such as investment in financial development plans and many others. The company's long-term returns may not be as good as its short-term return as the company is still a small-cap company and has a long way to go in the market and it will produce equal opportunities for investors across the nation to gain profit and make money.

Some points to check

"Pursuant to regulation 29 and other applicable regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we inform you that a meeting of the Board of Directors of the Company will be held on Wednesday, the 8th November, 2023 at 12.30 PM. at its Registered Office to consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the company along with Limited Review Report for the Quarter and half year ended 30th September, 2023 (including Statement of Assets and Liabilities as at 30th September, 2023 and Cash Flow Statement for the half year ended 30th September. 2023), after these results are reviewed by the Audit Committee," said Pritika Auto Industries in a stock exchange filing.