Penny Stock Under ₹2: Avance Technologies Hits Upper Circuit After Q1 Results

Market Performance

Avance Technologies share price was locked in a 2% upper circuit at ₹1.68 apiece on BSE on Monday.

• This marked the 28th consecutive session of hitting the upper circuit.

• The penny stock under ₹2 has seen a sharp rally in recent months:

  • +38% in one month

  • +155% in three months

  • +162% in six months

  • +91% YTD (2025)

  • +442% in two years

  • +3,260% in five years (multibagger returns)

Q1 Results 2025

The small-cap IT company announced its financial performance for the quarter ending June 2025 (Q1FY26):

• Net Profit: ₹54.13 lakh (↑35% YoY from ₹40.02 lakh)

• Previous Quarter (Q4FY25): Net loss of ₹37.80 lakh

• Revenue from Operations: ₹25.21 crore (↑496% YoY from ₹4.23 crore)

• 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:

• Rights Issue: Board approved raising up to ₹49.90 crore through fully paid-up equity shares on rights basis.

• 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:

• From a low base, the stock has multiplied investor wealth significantly.

• In five years, it delivered over 3,260% returns, making it a multibagger.

• 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.