Latest news with #AvanceTechnologiesLimited
Mint
21-07-2025
- Business
- Mint
Penny stock under ₹5 hits upper circuit for fifth straight session; here's why
Avance Technologies share price hit upper circuit for the fifth straight trading session to touch a 52-week high on Monday amid heavy buying volumes. The small-cap penny stock gained as much as 2% to a fresh high of ₹ 1.24 apiece on the BSE. Avance Technologies shares have been rising for the past fifteen consecutive trading sessions. Recently, Avance Technologies announced that its board of directors approved entering into a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited. 'Avance Technologies Limited has executed a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, a leading techenabled B2B inventory liquidation marketplace in India,' Avance Technologies said in a regulatory filing on July 16. The proposed acquisition is subject to the completion of due diligence, negotiation of definitive agreements, and receipt of necessary regulatory and other approvals as may be required, it added. '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,' the company said. 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. Avance Technologies share price has jumped 65% in one month, and 94% in the past three months. The smallcap stock has registered 41% gains on a year-to-date (YTD) basis, while it has delivered multibagger returns of 158% in two years. The penny stock has skyrocketed 4,000% in the past five years. At 2:10 PM, Avance Technologies share price was still locked at 2% upper circuit of ₹ 1.24 apiece on the BSE.
Mint
21-07-2025
- Business
- Mint
Penny stock under ₹5 hits upper circuit for fifth straight session; here's why
Avance Technologies share price hit upper circuit for the fifth straight trading session to touch a 52-week high on Monday amid heavy buying volumes. The small-cap penny stock gained as much as 2% to a fresh high of ₹ 1.24 apiece on the BSE. Avance Technologies shares have been rising for the past fifteen consecutive trading sessions. Recently, Avance Technologies announced that its board of directors approved entering into a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited. 'Avance Technologies Limited has executed a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, a leading techenabled B2B inventory liquidation marketplace in India,' Avance Technologies said in a regulatory filing on July 16. The proposed acquisition is subject to the completion of due diligence, negotiation of definitive agreements, and receipt of necessary regulatory and other approvals as may be required, it added. '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,' the company said. 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. Avance Technologies share price has jumped 65% in one month, and 94% in the past three months. The smallcap stock has registered 41% gains on a year-to-date (YTD) basis, while it has delivered multibagger returns of 158% in two years. The penny stock has skyrocketed 4,000% in the past five years. At 2:10 PM, Avance Technologies share price was still locked at 2% upper circuit of ₹ 1.24 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
17-07-2025
- Business
- Business Standard
Avance Technologies Limited Signs Non-Binding Term Sheet to Acquire a B2B Inventory Liquidation Marketplace www.Excess2Sell.com
PNN Mumbai (Maharashtra) [India], July 17: Avance Technologies Limited, a BSE-listed technology solutions provider, is pleased to announce that it has signed a nonbinding term sheet to acquire India's premier tech-enabled B2B overstock inventory liquidation marketplace The proposed acquisition is subject to due diligence and regulatory approvals. 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. About: Founded with a mission to bridge the gap between excess inventory and value-conscious buyers, has developed a scalable platform that enables manufacturers, wholesalers, and retailers to liquidate surplus stock efficiently. The platform leverages smart pricing algorithms and consumer insights to maximize recovery value while offering customers high-quality products at discounted rates. Categories span electronics, fashion, home goods, and lifestyle products. How the Platform Works Excess2Sell provides a streamlined and tech-driven solution for businesses looking to liquidate, discover, and manage overstock inventory. Through its intuitive mobile application and web-based platform, users can 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. "Building on this vision, the proposed acquisition of Excess2Sell will enable Avance Technologies to integrate its robust technological infrastructure with a proven marketplace model, unlocking new avenues for growth in both B2B and B2C segments," -- Vijay Purohit, CFO of Avance Technologies Limited Disclosures, as required under applicable laws and regulations, will be made upon the occurrence of any material events or developments. About Avance Technologies Limited (ATL) Avance Technologies Limited ( specializes in the distribution of information technology (IT) products. The principal activities of the Company involve the resale of software and hardware. The company offers a wide range of services, including: * Digital Media Planning and Buying * Social Media Marketing * Mobile Apps Marketing * WhatsApp eCommerce * Video Creation and Marketing * Influencer Marketing * Content and Search Engine Optimization (SEO) Strategy * Marketing Automation * Performance Marketing * Market Research Artificial Intelligence * Blockchain * Internet of Things (IoT) * Cloud Services * Software Testing * Vulnerability Testing * SMS Marketing * WhatsApp Marketing In addition, the company provides services such as pay-per-click (PPC) advertising, content marketing, social media management, conversion rate optimization, and marketing automation. The Company's short code service enables users to receive text messages from customers and subsequently take actions based on the message's content. (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)
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)
