Penny stock under Re 1: FIIs buy stake in NBFC stock during Q2FY25 | Stock Market News – Mint

During the second quarter of FY25, foreign institutional investors (FIIs) purchased a stake in a penny stock trading under Rs. 1. This penny stock belongs to a non-banking financial company (NBFC). This news has made waves in the stock market. The FIIs’ interest in this particular stock has caught the attention of investors and analysts alike. The buying activity by FIIs shows confidence in the potential of this NBFC stock. The market is eagerly watching to see how this investment will pan out in the coming months. This development highlights the attractiveness of penny stocks and the opportunities they present for investors looking for high-growth potential.