Debt-free penny stock under Rs 45 hit upper circuit & 52-week high as Company to set up an electric vehicle charger manufacturing unit in Coimbatore! – Dalal Street Investment Journal

A debt-free penny stock priced under Rs 45 surged to its upper circuit and hit a 52-week high after announcing plans to establish an electric vehicle charger manufacturing unit in Coimbatore. The news has garnered attention from investors and analysts alike. The Company’s decision to venture into the growing electric vehicle industry has been well-received, leading to a positive response in the stock market. With this strategic move, the Company aims to tap into the increasing demand for electric vehicles and charging infrastructure in the country. The stock’s upward trajectory reflects investor confidence in the Company’s future prospects and growth potential in the electric vehicle sector.