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Panabyte Technologies : A multi-product distribution and technology solutions company, Panabyte Technologies (formerly Panache Innovations Limited), has received an order worth Rs 8 crore from Mahindra & Mahindra, sending its share price soaring.
Big Order Boost:
Panabyte bagged a significant order of Rs 8 crore from Mahindra & Mahindra, boosting investor confidence.
The company provides consumer electronics, IT hardware, and hygiene products, and designs smart tech devices.
Recent Stock Performance:
Despite opening flat at Rs 20 on February 16th, the stock closed at Rs 20, maintaining stability.
However, it gained 1.57% (Rs 0.31) over the past 5 days and a commendable 15.94% (Rs 2.75) last month.
Long-Term Perspective:
Over 6 months, the stock delivered a 36.52% return (Rs 5.35).
However, it faced a 4.08% loss (-Rs 0.85) over the past year and a 35.50% decline in 5 years.
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Company Snapshot:
- Promoter holding: 31%
- Public holding: 69%
- Total shareholders: 915
- Market cap: Rs 8.78 crore
- Debt: Rs 3.27 crore
- Profit after tax: Rs -0.51 crore (negative)
Disclaimer: This information is not financial advice. Please consult an expert before making any investment decisions.
The negative profit after tax indicates a loss. Consider researching the company further before investing.