Nevertheless, in 2024 year-to-date (YTD), the inventory has surged over 67 %, giving optimistic returns in 2 of the 4 months thus far. The inventory has not given any returns in April thus far and March however rose over 63 % in February and a couple of.2 % in January.

Earlier than March 2024, the inventory had given optimistic returns in 5 straight months between October 2023 and February 2024. It had risen 172 % in these 5 months.

Learn right here: From ₹2.7 to ₹59.17: As soon as a penny inventory, Cinerad Communications soared 2051% in simply 1 12 months

The inventory hit its file excessive of ₹963.90 on February 26, 2024, skyrocketing virtually 216 % from its 52-week low of ₹305.25, hit on Might 29, 2023.

Eyantra Ventures Restricted engages within the provision of data expertise (IT) and IT-enabled providers. The corporate was previously often known as Punit Commercials Restricted. Eyantra Ventures Restricted was integrated in 1984 and relies in Hyderabad, India.

Learn right here: Multibagger: This penny inventory surged 1,011% in only one 12 months; do you have to make investments?

One should observe that the inventory is underneath Enhanced Surveillance Measure (ESM)- stage 1.

SEBI and Exchanges have collaboratively launched an Enhanced Surveillance Measure (ESM) framework particularly tailor-made for Micro-Small Firms, outlined as these with a market capitalization of lower than 500 crores. The NSE round outlines the standards that apply to firms falling underneath ESM. This initiative is designed to reinforce transparency and make sure that buyers have entry to essential data earlier than making funding selections in these shares.

The ESM contains two phases. In Stage 1, the commerce settlement for a inventory will adhere to a Commerce for Commerce mechanism, with a value band of 5 %. Nevertheless, if the instrument already operates inside a 2 % value band, that narrower band will likely be relevant as an alternative.

Learn right here: Multibagger: This penny inventory surged 307% in final 1 12 months, 1215% since March 2020

Earnings

Within the December quarter, Eyantra Ventures posted a web revenue of ₹27 lakh, up from ₹23 lakh in the course of the earlier quarter ended December 2022. Nevertheless, its income for the quarter ended December 2023 got here in at 4.5 crore, surging virtually 248 % versus ₹1.32 crore within the corresponding quarter final 12 months.

Brokerage view

As per ICICI Direct, Eyantra has skilled robust annual earnings per share (EPS) progress. Moreover, the inventory has exhibited robust momentum, evidenced by its value persistently surpassing short-, medium-, and long-term shifting averages. These indicators spotlight the corporate’s proficiency in revenue technology, environment friendly capital utilization, and dedication to delivering shareholder worth.

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About penny shares

Investing in penny shares can appear attractive as a result of potential for prime returns, nevertheless it’s vital to know the numerous dangers concerned. These shares will not be appropriate for everybody, notably those that are risk-averse. Solely people comfy with high-risk investments and who’re keen to allocate a small portion of their portfolio ought to take into account them. It is extremely really useful to hunt recommendation from a monetary advisor earlier than making any selections.

Penny shares current quite a few challenges. They typically characterize small, lesser-known firms with restricted analyst protection and minimal publicly out there data. Moreover, the dearth of transparency and entry to administration insights complicates funding selections.

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Moreover, penny shares are prone to numerous dangers comparable to illiquidity, high-impact prices, and difficulties related to low buying and selling volumes. With out compelling causes supported by thorough analysis, investing in penny shares is usually not advisable for critical, long-term buyers searching for stability and progress of their portfolios.

Disclaimer: This story is for instructional functions solely. Please communicate to an funding advisor earlier than making any funding selections.

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Printed: 12 Apr 2024, 11:06 AM IST