Stock Under Re 1: Stock That Declared 1:2 Sub-Division Hits 5% Upper Circuit, Up 56% In 1-Month

Penny stock priced under Re 1, Avance Technologies Ltd hit 5% upper circuit in trade on March 24, 2023. The stock on March 20 declared 1:2 sub-division of equity shares. The company fixed March 31, 2023 as record date for the purpose of stock split of equity shares of the company. The stock gave 56% return in last 1-month and 205% return in last 3-years. Check details below:

Avance Technologies Ltd Already Set Record Date For 1:2 Stock Split: According to the BSE filing of the company, "This is to inform to the exchange that members of the Company passed the resolution for approval of sub-division/split of Equity Shares of the Company through postal ballot on 19th March 2023. Accordingly, Equity Shares of the company have been sub-divided from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten Only) each, fully paid-up into 2 (Two) Equity Shares having face value of Rs. 5/- (Rupees Five Only) each fully paid up. The Board of Directors of the company has fixed Friday, 31st March 2023 as the 'Record Date' for determining the eligibility of Shareholders for the purpose of sub-division/split of Equity Shares of the Company."

Avance Technologies Ltd Stock Performance & Return: The last trading price of Avance Technologies Ltd is Rs 0.58 apiece with intraday rally of 3.57%. Its 52-week high is Rs 0.58 apiece and 52-week low is Rs 0.36 apiece, respectively. The company has a market capitalisation of Rs 11.50 crore. It gave return of 34% return in last 6-months, 18% return in last 2-years, 205% return in last 3-years, and fell 45% in last 5-years.

Avance Technologies Ltd About: Avance Technologies provides a unique, end-to-end, global carrier-grade mobile data service. Its mobile data service offering includes "plug and play" application licensing and hosting. Avance Technology's Mobile Marketing Platform is capable of delivering SMS services to virtually any CDMA/GSM mobile handset. Avance Technology's complete product suite offers you the tools you need to create, promote and manage your mobile platform.

Disclaimer:The stock hit upper circuit on March 24, 2023. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.