A penny stock priced under Rs 25 has surged to hit the upper circuit as the company’s board is expected to announce a rights issue soon. This news has attracted investors’ attention, causing a sharp increase in the stock’s value. The stock’s potential to multiply in value, known as a multibagger, has generated excitement among traders on Dalal Street. Investors are eagerly awaiting the board’s official announcement regarding the rights issue, which is expected to further boost the stock’s performance.