Penny Stock Upper Circuit: This 15 rupee stock created a stir, investors became rich, know how much percent it increased…

Penny Stock Upper Circuit: The decline in the stock market continues even today. Both Sensex and Nifty indices are trading in the red. Meanwhile, good growth has been recorded in microcap company Starlineps Enterprises.

Today its shares are trading with a gain of five percent, which has come after excellent results in the second quarter of FY 2025. Starlines Enterprise Limited, engaged in the diamond and jewelery business, has registered a more than two-fold increase in profit in the reported quarter.

Penny Stock Upper Circuit: 5 percent upper circuit

On Monday, shares of Starlineps Enterprises opened at Rs 10.82 and were blocked there, which shows an increase of 5 percent from the closing price on Thursday.

However, before this, there has been a continuous decline in this penny stock. There has been a decline of more than 88 percent in the last 6 months, while in the last one year it has also declined by more than 85 percent.

Let us tell you that due to higher income, the net profit in the July-September quarter of 2024-25 has increased more than two times to Rs 3.25 crore compared to the year-ago period, the company said in a statement.

StarLineps Enterprise said in a statement that the Surat-based company reported more than two-fold growth in revenue during the September quarter of FY25 to Rs 24.43 crore as against Rs 9.07 crore in the same quarter a year ago.

Investing in Fusion Classroom

The company has also announced a strategic investment in edtech platform Fusion Classroom EduTech and the acquisition of GenAI-powered platform CUR8. The company has recently incorporated a wholly owned subsidiary, Starlineps International Private Limited.