Market Performance
Avance Technologies share price was locked in a 2% upper circuit at ₹1.68 apiece on BSE on Monday.
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This marked the 28th consecutive session of hitting the upper circuit.
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The penny stock under ₹2 has seen a sharp rally in recent months:
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+38% in one month
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+155% in three months
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+162% in six months
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+91% YTD (2025)
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+442% in two years
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+3,260% in five years (multibagger returns)
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Q1 Results 2025
The small-cap IT company announced its financial performance for the quarter ending June 2025 (Q1FY26):
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Net Profit: ₹54.13 lakh (↑35% YoY from ₹40.02 lakh)
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Previous Quarter (Q4FY25): Net loss of ₹37.80 lakh
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Revenue from Operations: ₹25.21 crore (↑496% YoY from ₹4.23 crore)
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Sequential Growth: Revenue up from ₹13.21 crore in Jan–Mar 2025
Rights Issue and Board Update
Alongside earnings, Avance Technologies announced key corporate updates:
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Rights Issue: Board approved raising up to ₹49.90 crore through fully paid-up equity shares on rights basis.
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Leadership Change: Latesh Poojary, currently Executive Director, has been re-designated as Chairman and Managing Director, subject to shareholder and statutory approvals.
Share Price Trend
Avance Technologies has been one of the best-performing penny stocks in the IT space:
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From a low base, the stock has multiplied investor wealth significantly.
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In five years, it delivered over 3,260% returns, making it a multibagger.
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Strong momentum continues as the stock trades under the ₹2 mark but with consistently high gains.
Summary
The penny stock under ₹2 — Avance Technologies — surged again, hitting the upper circuit for the 28th session after reporting strong Q1 results with 35% profit growth and a 496% revenue jump YoY. With a rights issue of ₹49.90 crore and board re-designation, the company continues to attract attention from investors watching its multibagger track record.
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