Penny stocks priced under Rs 5 are seeing a surge in value as a company is gearing up to raise funds of up to Rs 100 crore through the issuance of equity shares. This news has caught the attention of investors on Dalal Street, with hopes of potential gains in the near future. This move by the company indicates its intention to strengthen its financial position and expand its operations. With the possibility of a significant injection of capital, shareholders are optimistic about the company’s growth prospects. Keep an eye on this developing situation as the stock continues to trade in the green.