BITS has seen an extraordinary increase of 1,935% over the past year, rising from ₹0.34 in August 2023 to a record high of ₹6.92 on August 7, 2024.
Credit : PIXABAY
Year-to-date, BITS gained nearly 305%, climbing from ₹1.7 in December 2023 despite some months of decline.
Credit : PIXABAY
In August, BITS rose 8%, following an 85% increase in July. Earlier in the year, it saw fluctuations with notable gains and losses.
Credit : PIXABAY
The stock surged 2,206% from its 52-week low of ₹0.30 on August 28, 2023, reaching ₹6.92.
Credit : PIXABAY
BITS is currently under Enhanced Surveillance Measure (ESM) Stage II, which involves trading through periodic call auctions with a 2% price band.
Credit : PIXABAY
BITS Limited, established in 1992 and based in Mumbai, offers educational services, corporate training, and various software solutions.
Credit : PIXABAY
In Q4FY24, BITS reported a net profit of ₹3.11 lakh, up significantly from ₹1.52 lakh the previous year. FY24 net profit surged to ₹13.67 lakh.
Credit : PIXABAY
Revenue for FY24 decreased to ₹102.88 lakh from ₹108.59 lakh in FY23.
Credit : PIXABAY
ICICI Direct remains positive on BITS, citing strong momentum and consistent performance above moving averages, though it notes a decline in net cash flow.
Credit : PIXABAY
Penny stocks like BITS offer high return potential but come with significant risks, including low liquidity, price volatility, and less regulatory oversight.