Penny stock: Amidst the ongoing ups and downs in the stock market last Wednesday, a penny stock did wonders. This stock managed to touch the upper circuit in the falling market. Here we are talking about agricultural supply chain management company Pulsar International Ltd.
Why did the shares rise?
During trading on March 11, Pulsar shares were locked at the upper circuit of 5 percent. At present the share price of the company is less than Re 1 at Rs 0.82. Actually, the reason for this rise in shares is an announcement made by the company. The company has called a meeting on March 14, in which the final dividend of up to 100 percent for investors will be considered.
The decision on dividend amount and record date will also be taken on the same day. Since the current price of shares is less than Re 1, even if it gives a dividend of Re 1 at the current face value of Rs 0.82, investors will still benefit. With this hope, shares hit an upper circuit of 5 percent yesterday. The 52-week high level of the shares is Rs 10.25 and the 52-week low level is 0.79 paise.
A decision on this will also be taken in the board meeting
Apart from dividend, expansion of the company’s ‘Smart Agri Solution’ will also be considered in the board meeting. Under this, the use of modern technologies like Artificial Intelligence (AI) and LoT (Internet of Things) for farming will also be discussed.
The company earned a profit of Rs 3.29 crore in the December quarter of the financial year 2025-26, which is almost 400 percent more than the same quarter of last year (0.66 crore).
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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