A penny stock, identified as a potential multibagger, has surged by hitting a 5% upper circuit. This increase comes as the promoter of the company has raised their stake in the business. The stock’s rise has caught the attention of investors looking for high returns on their investments. The promoter’s increased ownership signals confidence in the company’s future prospects and has contributed to the positive sentiment surrounding the stock. Investors are closely monitoring the stock’s performance as it continues to attract interest in the market.