Latest news with #UniqueGlobalManagedServicesPTE.Ltd
Mint
24-07-2025
- Business
- Mint
Penny stock under ₹2 hits upper circuit despite selling pressure in Indian stock market; here's why
IFL Enterprises share price was locked in at 5% upper circuit on Thursday, extending rally for the fourth consecutive session, led by heavy buying volumes. The smallcap stock hit a 5% upper circuit of ₹ 1.05 apiece on the BSE. IFL Enterprises shares have jumped 18% in four sessions, boosted by sustained buying momentum. The latest gains in IFL Enterprises shares comes after the company announced to enter into Organic Waste Management and recycling business. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors. The Organic Waste Management & Recycling industry is projected to grow at a CAGR of 10–12% over the next five years. The company anticipates substantial long-term value addition from this venture in terms of revenue generation, environmental impact, and capital appreciation for shareholders, IFL Enterprises said in a release. The company's Board of Directors at its meeting held on 24 July, 2025 has approved the foray into the Organic Waste Management and recycling business. With this approval, IFL Enterprises said it will immediately initiate the next operational steps including, hiring a qualified and experienced R&D and technical team specializing in waste management technologies and regulatory compliance. The company will also commence evaluation and acquisition of relevant machinery and equipment tailored to organic waste processing and recycling along with identifying and surveying suitable land locations across key industrial and municipal zones for setting up processing units and operational hubs, it added. IFL Enterprises also announced that its board of directors is scheduled to meet on August 1, 2025, to consider and evaluate the proposal of Singapore based Unique Global Managed Services PTE. Ltd to acquire up to 12% equity stake through Strategic Investment Route. The company received a Letter of Intent from the Singapore based entity to acquire the 12% strategic minority stake in the company at an indicative reference price of ₹ 2 per share – which represents approximately 100% premium to current share price. Recently, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in the company as on 11th July 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone have acquired 4.02% equity stake each in the company as per shareholding pattern on the stock exchanges. IFL Enterprises share price has fallen 8% in one month, but the penny stock has jumped 55% in three months. Over the past six months, the smallcap stock has rallied 32%, while it has risen 12% on a year-to-date (YTD) basis. IFL Enterprises shares have declined 87% in two years, but has delivered multibagger returns of 450% in five years. At 2:50 PM, IFL Enterprises share price was still locked in at 5% upper circuit of ₹ 1.05 apiece on the BSE.
Mint
24-07-2025
- Business
- Mint
Penny stock under ₹2 hits upper circuit despite selling pressure in Indian stock market; here's why
IFL Enterprises share price was locked in at 5% upper circuit on Thursday, extending rally for the fourth consecutive session, led by heavy buying volumes. The smallcap stock hit a 5% upper circuit of ₹ 1.05 apiece on the BSE. IFL Enterprises shares have jumped 18% in four sessions, boosted by sustained buying momentum. The latest gains in IFL Enterprises shares comes after the company announced to enter into Organic Waste Management and recycling business. The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors. The Organic Waste Management & Recycling industry is projected to grow at a CAGR of 10–12% over the next five years. The company anticipates substantial long-term value addition from this venture in terms of revenue generation, environmental impact, and capital appreciation for shareholders, IFL Enterprises said in a release. The company's Board of Directors at its meeting held on 24 July, 2025 has approved the foray into the Organic Waste Management and recycling business. With this approval, IFL Enterprises said it will immediately initiate the next operational steps including, hiring a qualified and experienced R&D and technical team specializing in waste management technologies and regulatory compliance. The company will also commence evaluation and acquisition of relevant machinery and equipment tailored to organic waste processing and recycling along with identifying and surveying suitable land locations across key industrial and municipal zones for setting up processing units and operational hubs, it added. IFL Enterprises also announced that its board of directors is scheduled to meet on August 1, 2025, to consider and evaluate the proposal of Singapore based Unique Global Managed Services PTE. Ltd to acquire up to 12% equity stake through Strategic Investment Route. The company received a Letter of Intent from the Singapore based entity to acquire the 12% strategic minority stake in the company at an indicative reference price of ₹ 2 per share – which represents approximately 100% premium to current share price. Recently, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in the company as on 11th July 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone have acquired 4.02% equity stake each in the company as per shareholding pattern on the stock exchanges. IFL Enterprises share price has fallen 8% in one month, but the penny stock has jumped 55% in three months. Over the past six months, the smallcap stock has rallied 32%, while it has risen 12% on a year-to-date (YTD) basis. IFL Enterprises shares have declined 87% in two years, but has delivered multibagger returns of 450% in five years. At 2:50 PM, IFL Enterprises share price was still locked in at 5% upper circuit of ₹ 1.05 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.
Mint
21-07-2025
- Business
- Mint
Penny stock under Re 1 to be in focus on Tuesday; here's why
Penny stock under Re 1: IFL Enterprises on Monday announced that the company's board of directors will meet on Friday, 1 August 2025, to discuss a proposal for a potential 12% stake acquisition in Singapore-based Unique Global Managed Services PTE. Ltd. 'Board of directors of Ahmedabad-based IFL Enterprises Ltd, engaged in the agri commodity business, including import, export and trading of agri commodities, is scheduled to meet on 1 August 2025 to consider and evaluate proposal of Singapore-based Unique Global Managed Services PTE. Ltd to acquire up to 12% Equity Stake through strategic investment route,' the company informed BSE through the filing. The company also said that the proposed investment aims to mark a significant step to strengthen the company's capital base, accelerate growth plans, and enhance shareholder value. According to the exchange filing, four Foreign Portfolio Investors (FPIs) have also acquired a total of 16.08% stake in the company as of 11 July 2025. IFL Enterprises shares closed 4.49% higher at ₹ 0.93 after Monday's stock market session, compared to ₹ 0.89 in the previous stock market session. The company announced the proposal update after the stock market operating hours on 21 July 2025. IFL Enterprises shares have given stock market investors more than 300% returns on their investments in the last five years. However, the shares lost 21.85% in the last one-year period. On a year-to-date (YTD) basis, the shares were down 1.06% in 2025 and are trading 3.12% lower in the last five market sessions on the Indian stock market. The shares hit their 52-week high level at ₹ 1.39 on 22 August 2024, while the 52-week low level was at ₹ 0.56 on 28 March 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) stood at ₹ 115.79 crore as of the stock market close on Monday, 21 July 2025. 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.
