Penny Stock Under Rs 1 Hits 5% Upper Circuit; To Raise Rs 100 Cr Funds Via QIP After Stock Split – Goodreturns

A penny stock priced under Rs 1 has hit a 5% upper circuit. The company is planning to raise Rs 100 crore funds through a Qualified Institutional Placement (QIP) after a stock split. This move is expected to attract more investors and boost the company’s financial position.