Penny stock under ₹10 hits 20% upper circuit for the second straight session
Vertex Securities' stock surged 20% to ₹4.18 on June 10, marking a robust rally despite a 9% decline over the past year. The company reported net sales of ₹1.39 crore for Q4 2026, but losses widened to ₹1.26 crore compared to the previous year.
Penny stock under ₹10 Vertex Securities continued its strong rally on Wednesday, June 10, hitting its 20% upper circuit limit at ₹4.18 on the BSE. The sharp gain came amid a positive session for Indian equities, with both the Sensex and Nifty 50 advancing around 0.5%.
This marked the second consecutive trading session in which the stock was locked in its 20% upper circuit, reflecting sustained buying interest from investors.
The penny stock has delivered robust returns across multiple timeframes. Over the past week, Vertex Securities has surged 56%, while gaining 44% in the last one month and 46% over the previous three months.
Despite the recent rally, the stock remains down 9% on a one-year basis. However, long-term investors have been rewarded handsomely, with the stock generating multibagger returns of 245%.
Q4 performance and rights issue details
For the quarter ended March 2026, Vertex Securities reported net sales of ₹1.39 crore, up 3.1% from ₹1.35 crore recorded in the corresponding quarter of March 2025.
The company, however, reported a wider loss during the quarter. Quarterly net loss stood at ₹1.26 crore in March 2026 compared with ₹0.46 crore in March 2025, representing a decline of 175.48%. EBITDA remained in the negative at ₹1.14 crore, compared with negative ₹0.31 crore in the year-ago period, reflecting a decline of 267.74%.
Earlier this year, Vertex Securities finalised the terms of its proposed rights issue and fixed March 12, 2026, as the record date for determining shareholder eligibility. The decision was approved by the company's board during its meeting held on March 6, 2026.
The company sought to raise ₹14.80 crore through the issuance of up to 7.40 crore partly paid-up equity shares. The issue price was fixed at ₹2 per equity share, which was also the face value of the share, meaning the rights issue was offered at par.
Under the approved structure, existing shareholders were entitled to one rights equity share for every one equity share held as of the record date, translating into a 1:1 rights entitlement ratio.
The rights issue opened for subscription on March 20, 2026, and closed on March 27, 2026. The company issued up to 7,40,12,189 equity shares, aggregating ₹1,480.24 lakh, or ₹14.80 crore.
Vertex Securities Limited, along with its subsidiaries, offers a range of financial services in India, including brokerage services in equities, equity derivatives, currency derivatives and commodities. The company also distributes mutual funds, non-convertible debentures (NCDs), bonds and insurance products, while providing IPO-related services.
In addition, Vertex Securities offers online mutual fund services, insurance support and account-opening facilities through its network of branches and franchisees. Incorporated in 1987 and headquartered in Mumbai, the company operates as a subsidiary of Transwarranty Finance Limited.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
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Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.
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