Penny stock below ₹5: Vikas Ecotech stock rallies 5% as company plans to raise ₹200 crore via QIP, FCCB, rights issue | Stock Market News – Mint

In recent news, Vikas Ecotech’s penny stock, priced below ₹5, saw a 5% increase in value. This surge came after the company announced plans to raise ₹200 crore through a Qualified Institutional Placement (QIP), Foreign Currency Convertible Bonds (FCCB), and rights issue. The market reacted positively to this development, leading to the stock’s uptick. Investors are closely watching how the company will utilize these funds to drive growth and expansion. The stock market continues to be a dynamic space, with opportunities for both risk and reward.