5:1 stock split & FIIs bought 3,19,378 shares: Penny stock under Rs 5 hit back-to-back upper circuit as the company bags export orders worth Rs 661 crore! – Dalal Street Investment Journal

In a recent development, a company announced a 5:1 stock split and Foreign Institutional Investors (FIIs) purchased 3,19,378 shares. This led to a penny stock, priced under Rs 5, hitting back-to-back upper circuits. The surge in stock price came as the company secured export orders worth a substantial Rs 661 crore. This news has caught the attention of investors and analysts alike, reflecting the positive outlook for the company in the market.