Penny stock under ₹5: NBFC share Advik Capital hits upper circuit after Q1 results 2024 | Stock Market News – Mint

Advik Capital, a penny stock priced under ₹5, saw a surge in its share price as it hit the upper circuit after releasing its Q1 results for 2024. The non-banking financial company (NBFC) reported positive results, leading to the increase in investor interest and driving up the stock price.

Investors were pleased with Advik Capital’s performance in the first quarter of 2024, as the company showed growth and profitability. This led to a bullish sentiment in the market, with many investors buying the stock and causing it to hit the upper circuit.

Penny stocks like Advik Capital can be volatile and risky, but they also offer the potential for high returns. It is important for investors to conduct thorough research and analysis before investing in such stocks to mitigate risks and make informed decisions.

Overall, the positive Q1 results of Advik Capital have attracted attention in the stock market, demonstrating the potential for growth and profitability in the company. Investors will be closely watching the performance of Advik Capital in the coming quarters to see if it can sustain its upward momentum.