Suzlon’s peer & LIC-backed multibagger penny stock under Rs 25 hit upper circuit as Board announces 10:51 right issue; target for 1 GW capacity! – Dalal Street Investment Journal

Suzlon’s peer, a penny stock under Rs 25 that is backed by LIC, saw a surge in its value as the Board announced a 10:51 rights issue. The stock hit the upper circuit as investors reacted positively to the news. The company has set a target to increase its capacity to 1 GW. This move has generated excitement among investors, as they see the potential for significant growth in the company’s future.