Penny stock below ₹5 edges higher ahead of Q4 results 2024
Penny stock: Kretto Syscon shares were in focus on Wednesday's session ahead of its Q4 results. Kretto Syscon is set to release its audited financial results for the fourth quarter of 2024-25 and the entire fiscal year on April 24. Recently, Kretto Syscon shares have increased by 40%, climbing from ₹ 1.45 per share to ₹ 2.13.
'meeting of the Board of Directors of the Company is scheduled to be held on 24th April,2025 to consider and approve Audited Standalone Financial Results for the year ended on March 31, 2025,' said the firm in its filing.
On Tuesday, the stock reached a 52-week high of ₹ 2.15, trading at around 22 times the earnings per share of ₹ 0.09, indicating heightened investor confidence, according to reports. The company had a market capitalisation of over ₹ 116 crores.
Kretto Syscon achieved a strong profit of ₹ 5.83 crore in the second quarter of the financial year 2024-25, followed by ₹ 1.83 crore in the third quarter, showcasing resilience amid market difficulties.
Analysts anticipate that the performance in the fourth quarter will remain stable and believe that the stock will continue to draw investor interest within the small-cap segment. As Kretto Syscon maintains its emphasis on innovation, transparency, and long-term value generation, it is well-positioned for future growth in its primary sectors.
As per trendlyne data, Kretto Syscon share price rose 240% and outperformed its sector by 237.93% in the past year. Kretto Syscon share price opened at an intraday low of ₹ 2, the stock touched an intraday high of 2.04 per share.
Kretto Syscon Limited is a prominent firm in India focused on real estate development and technology solutions. The firm strives to provide superior projects that address the changing demands of its clients in different sectors.
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