Shares of Eyantra Ventures surged up sharply to hit the upper circuit as soon as the market opened on Friday.
What Happened: The company late on Thursday announced bagging a $0.9 million (₹7.38 crore) order from US chip giant NVIDIA Corporation. The order is for staffing services for a period of 1 year.
With a market cap of around ₹83 crore, the micro-cap comp is one of the largest B2B corporate gifting and custom merchandise solution providers in India. The company was formerly named Punit Commercial Limited.
The stock has seen a meteoric rally this year. On a year-to-date basis, the stock is up over 2,300%. Just in the last five days, the stock has surged up over 18%.
In the September quarter, the net sales of the company amounted to ₹2.24 crore, reflecting a substantial increase of 389.25% compared to the figure of ₹0.46 crore reported in September 2022.
However, the quarterly net profit for September 2023 stood at ₹0.07 crore, indicating a decrease of 41.36% from the net profit of Rs 0.11 crore recorded in the same period of the previous year.
Price Action: Shares of Eyantra Ventures were locked in 5% upper circuit at ₹461.05 on Friday morning.
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