Latest news with #AvanceTechnologies'
Mint
04-08-2025
- Business
- Mint
Penny stock below ₹2 hits upper circuit as bulls bet high on small-cap stocks
Penny stock below ₹ 2: Avance Technologies' share price hit its upper circuit on Monday, 4 August 2025, as stock market bulls place their bets on small-cap stocks amid a broader buying theme across indices. The Indian markets ended their two-day consecutive losing streak, closing with gains due to positive global cues and weakness in the US dollar rates. Avance Technologies is a small-cap technology solutions provider which caters to its clients, helping them optimise their digital ecosystems. Key services of the company include — Digital Infrastructure Solutions, Embedded Device Management, Hybrid Infrastructure, Cloud integration and Management, Data Centre Management and Optimisation, and IoT Infrastructure Management. Avance Technologies shares closed 1.41% higher at ₹ 1.44 after hitting their upper circuit during Monday's stock market session, compared to ₹ 1.42 at the previous market close. The shares hit their intraday high and upper circuit of ₹ 1.44 apiece after the markets opened on Monday, following the weekend. Avance Technologies shares have given stock market investors more than 2,780% returns on their investment in the last five years and 61.80% in the last one-year period. On a year-to-date (YTD) basis, the stock has jumped 63.64% in 2025 and is currently trading 48.45% higher on a one-month basis, and 5.88% up in the last five market sessions on the Indian stock market. Avance Technologies shares hit their 52-week high level at ₹ 1.44 on Monday, 4 August 2025, before closing for the trading day, while the 52-week low level was at ₹ 0.52 on 1 April 2025. The company's market capitalisation (M-Cap) was at ₹ 285.40 crore as of the stock market close on Monday, 4 August. Read all stories by Anubhav Mukherjee
Mint
04-08-2025
- Business
- Mint
Penny stock below ₹2 hits upper circuit as bulls bet high on small-cap stocks
Penny stock below ₹ 2: Avance Technologies' share price hit its upper circuit on Monday, 4 August 2025, as stock market bulls place their bets on small-cap stocks amid a broader buying theme across indices. The Indian markets ended their two-day consecutive losing streak, closing with gains due to positive global cues and weakness in the US dollar rates. Avance Technologies is a small-cap technology solutions provider which caters to its clients, helping them optimise their digital ecosystems. Key services of the company include — Digital Infrastructure Solutions, Embedded Device Management, Hybrid Infrastructure, Cloud integration and Management, Data Centre Management and Optimisation, and IoT Infrastructure Management. Avance Technologies shares closed 1.41% higher at ₹ 1.44 after hitting their upper circuit during Monday's stock market session, compared to ₹ 1.42 at the previous market close. The shares hit their intraday high and upper circuit of ₹ 1.44 apiece after the markets opened on Monday, following the weekend. Avance Technologies shares have given stock market investors more than 2,780% returns on their investment in the last five years and 61.80% in the last one-year period. On a year-to-date (YTD) basis, the stock has jumped 63.64% in 2025 and is currently trading 48.45% higher on a one-month basis, and 5.88% up in the last five market sessions on the Indian stock market. Avance Technologies shares hit their 52-week high level at ₹ 1.44 on Monday, 4 August 2025, before closing for the trading day, while the 52-week low level was at ₹ 0.52 on 1 April 2025. The company's market capitalisation (M-Cap) was at ₹ 285.40 crore as of the stock market close on Monday, 4 August. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
28-07-2025
- Business
- Mint
Penny stock under ₹2: IT stock hits upper circuit despite stock market sell-off
Avance Technologies share price was locked in a 2% upper circuit on Monday, hitting a fresh 52-week high of ₹ 1.34 apiece. The penny stock has now hit the upper circuit for the twentieth consecutive trading session. The small-cap stock has delivered multibagger returns over a short period. It has surged 49% in the past one month and gained 109% over three months. On a six-month basis, the stock has rallied 76%, while it is up 52% so far in 2025 (YTD). Over the long term, Avance Technologies has delivered staggering returns. The stock has soared 2,580% in the past three years and surged 4,367% over the last five years. Today's gains in Avance Technologies shares came despite the sharp fall in the Indian stock market today. The Sensex crashed more than 600 points, while the Nifty 50 slipped below 24,700 level. The board of directors of Avance Technologies recently approved entering into a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, a leading techenabled B2B inventory liquidation marketplace in India 'This strategic move marks Avance Technologies' entry into the high-potential, underpenetrated overstock Inventory liquidation space, aimed at resolving one of the retail industry's most pressing challenges—unsold inventory,' Avance Technologies said in a regulatory filing on July 16. Excess2Sell allows users to register their business, complete KYC, and gain instant access to surplus inventory deals across various categories like electronics, fashion, home goods, and more. The app allows users to sell, buy, or make counter-offers, supported by real-time pricing tools and smart listing features. At 1:55 PM, Avance Technologies share price was still locked-in at 2% upper circuit of ₹ 1.34 apiece on the BSE.
Mint
28-07-2025
- Business
- Mint
Penny stock under ₹2: IT stock hits upper circuit despite stock market sell-off
Avance Technologies share price was locked in a 2% upper circuit on Monday, hitting a fresh 52-week high of ₹ 1.34 apiece. The penny stock has now hit the upper circuit for the twentieth consecutive trading session. The small-cap stock has delivered multibagger returns over a short period. It has surged 49% in the past one month and gained 109% over three months. On a six-month basis, the stock has rallied 76%, while it is up 52% so far in 2025 (YTD). Over the long term, Avance Technologies has delivered staggering returns. The stock has soared 2,580% in the past three years and surged 4,367% over the last five years. Today's gains in Avance Technologies shares came despite the sharp fall in the Indian stock market today. The Sensex crashed more than 600 points, while the Nifty 50 slipped below 24,700 level. The board of directors of Avance Technologies recently approved entering into a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, a leading techenabled B2B inventory liquidation marketplace in India 'This strategic move marks Avance Technologies' entry into the high-potential, underpenetrated overstock Inventory liquidation space, aimed at resolving one of the retail industry's most pressing challenges—unsold inventory,' Avance Technologies said in a regulatory filing on July 16. Excess2Sell allows users to register their business, complete KYC, and gain instant access to surplus inventory deals across various categories like electronics, fashion, home goods, and more. The app allows users to sell, buy, or make counter-offers, supported by real-time pricing tools and smart listing features. At 1:55 PM, Avance Technologies share price was still locked-in at 2% upper circuit of ₹ 1.34 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
03-06-2025
- Business
- Business Standard
Avance Technologies Ltd Reports Strong FY25 Performance; Net Profit Rises to Rs. 5.30 Cr, Revenue Grows 19% Y-o-Y to Rs. 173.96 Cr
PNN Mumbai (Maharashtra) [India], June 3: Avance Technologies Ltd (BSE: 512149), a leading player in the digital solutions space, has reported robust financial results for the fourth quarter and full financial year ended March 31, 2025 (FY25). The company delivered a notable increase in its annual profitability and topline growth, indicating continued momentum in its core business. Highlights: * Mumbai-based tech company reports net profit of Rs. 5.30 crore in FY25 * Revenue from operations for FY25 stands at Rs. 173.96 crore, a 18% Y-o-Y growth * Q4FY25 Revenue at Rs. 48.31 crore; marginal net loss of Rs. 1.36 crore due to one-time tax expense * Strong operational base with strategic financial restructuring for long-term growth For the year ending March 31, 2025, the company posted net income of Rs. 173.96 crore, up from Rs. 146.82 crore in FY24, reflecting a 18.4% year-on-year increase. Net profit also rose to Rs. 5.30 crore, compared to Rs. 4.88 crore in the previous fiscal year, a 8.6% increase Y-o-Y. The Earnings Per Share (EPS) improved to Rs. 0.03, compared to Rs. 0.02 in FY24. The final quarter (January-March 2025) saw revenue of Rs. 48.31 crore, but incurred a net loss of Rs. 1.36 crore, primarily due to a deferred tax charge of Rs. 1.51 crore, which can be attributed to timing and seasonal adjustments. Despite these factors, the company remains confident in its long-term growth trajectory. Srikrishna Bhamidipati, Managing Director of Avance Technologies Ltd, said, "FY25 has been a landmark year for us. Our revenue trajectory validates our strategy of expanding digital solutions across new sectors. While the last quarter reflected some seasonality and adjustments, we are confident about maintaining strong momentum into FY26. We continue to invest in innovation, compliance, and long-term value creation." Avance Technologies' focus on streamlined digital offerings, combined with strong financial discipline and investment in strategic partnerships, has positioned the company well to capitalize on upcoming growth opportunities in fintech and enterprise solutions. The company delivers innovative services in areas such as digital transformation, automation, cloud integration, and customized enterprise software, helping businesses enhance operational efficiency and stay competitive in an evolving digital landscape. About Avance Technologies Limited Incorporated in 1985 and headquartered in Mumbai, Avance Technologies Limited offers IT and software development solutions with a focus on digital transformation, messaging services, and mobile marketing. The company is listed on BSE and serves clients across India, leveraging its expertise in cloud and SMS gateway technologies. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
