New Delhi: Wednesday saw a mixed session in the stock market, with the Sensex rising 300 points early in the morning. Despite this overall market strength, certain stocks faced declines, and a few hit the lower circuit limit. Among them was a penny stock, Avance Technologies Ltd, which fell to ₹1 per share and triggered the lower circuit soon after the market opened.
Stock Performance
Avance Technologies’ stock dropped approximately 5% in early trading on Wednesday, down from ₹1.05 on Tuesday. The stock has experienced high volatility over the past year, with a 52-week high of ₹3.15 and a 52-week low of ₹0.52.
Recent Returns
Over the past month, Avance Technologies has suffered a sharp decline. Its price fell from ₹2.49 to ₹1, marking a 60% drop, causing significant losses for investors who held the stock. Over the past five trading days alone, the stock has declined roughly 25%, reflecting a challenging period for short-term investors.
Past Gains
However, 2025 also saw periods of exceptional gains for Avance Technologies. In late June, the stock was priced at ₹0.73, and by early October, it surged to ₹3.15, providing investors with over 300% returns in just three and a half months. A ₹1 lakh investment during that period could have grown to more than ₹3 lakh, translating to a ₹2 lakh profit in a short span.
About the Company
Founded in 1985 as VMC Software Ltd, the company was renamed Avance Technologies Ltd in 2003. It operates in the IT sector, offering services including digital infrastructure, cloud services, data center management, and IoT infrastructure solutions, along with hardware, software, and peripherals. According to the BSE official website, the company’s market capitalization stands at ₹198.19 crore.
Disclaimer: The analysis presented reflects individual analysts’ or brokerage firms’ perspectives and is not Navbharat Times’ recommendation. Investors are advised to consult certified financial experts before making any investment decisions, as stock market conditions can change rapidly.