Promoters sold 98796 shares: Low PE penny stock under Rs 20; Board approves Rs 8 crore rights issue – Dalal Street Investment Journal

Promoters of a low PE penny stock, priced under Rs 20, have recently sold 98,796 shares. The company’s board has also approved a rights issue worth Rs 8 crore. This move is expected to bring in additional capital for the company’s growth and expansion plans. Investors can consider this as an opportunity to invest in a potentially undervalued stock with growth potential.