Penny Stock Under Re 1 Delivers 71% Monthly Return; Upper Circuit Hit Daily

Mumbai: A penny stock under Re 1 is making waves on the NSE, delivering spectacular returns and hitting the upper circuit almost daily. The company, Auri Grow India Limited, is engaged in agriculture, agri-tech, and export-oriented operations, and has caught the attention of investors with its rapid growth.

Exceptional Returns:
While the Nifty 50 gained just 0.36% in a month and 0.63% in a week, Auri Grow India delivered a 70.59% return in the past month and 22.54% in the last week alone. The stock has been consistently closing at its upper circuit, reflecting strong investor demand. On 16 December, the stock closed at Rs 0.83, and today morning it reached Rs 0.87, again hitting the upper circuit.

Why the Stock is Surging:
The recent surge is driven by a Letter of Intent (LoI) from Hong Kong-based Luminary Crown, which has expressed interest in acquiring up to 24% stake in Auri Grow India. The proposed deal values the stock at Rs 2 per share, significantly higher than its current market price of Rs 0.87, offering investors substantial potential gains.

According to the LoI, Luminary Crown intends to invest via preferential allotment and will nominate one director to the company board, primarily for investor protection. Auri Grow India clarified that this will not affect management control.

Company Statement:
Director Prateek Kumar Patel said, “This LoI is only an expression of interest and not binding. It demonstrates strong strategic interest in our high-growth agriculture, agri-tech, and export-oriented operations. It reflects growing external confidence in our long-term vision and asset base. We will continue to update the exchange on any significant developments.”

Financial Performance:
The company’s sales for FY 2024-25 surged to Rs 175.55 crore, up from Rs 16.76 crore in FY 2023-24—an increase of nearly tenfold in a single year. Net profit also grew significantly, reaching Rs 7.17 crore compared to Rs 0.51 crore in the previous year.

Outlook:
With robust financial growth and a potential strategic investment, Auri Grow India is emerging as one of the most exciting penny stocks in the Indian stock market, offering investors a rare opportunity for high returns in the agriculture and agri-tech sectors.