Penny stock below ₹5: Srestha Finvest shares hit lifetime high after 55% rally in one month

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Penny stock under ₹5: Shares of Srestha Finvest Ltd have been on an uptrend after ushering in the new financial year 2024-25. The penny stock bottomed out at ₹1.04 apiece at the end of March 2024 and has scaled to ₹1.87 in the new financial year, delivering nearly 45 percent in FY25.

This significant increase can be directly attributed to the company's recent partnership with Felix Industries, a strategic move that has significantly boosted investor confidence. Srestha Finvest share price today opened with an upside gap at ₹1.82 per share and touched an intraday high of ₹1.87 apiece within a few minutes of stock market's opening bell.

While climbing to this intraday high, the penny stock below ₹2 also touched a new lifetime high.This penny stock below ₹2 has risen from ₹1.17 to ₹1.87 apiece, logging around a 55 percent rally in one month. In YTD time, this penny stock has surged from ₹1.31 to ₹1.87 per share mark, recording 40 percent rise in this time horizon.

In the last six months, Srestha Finvest share price has ascended from ₹1.14 to ₹1.87, registering nearly 60 percent rally in this time period. This consistent upward trend is not just a positive sign for investors, but also a clear indication of the stock's potential for future growth.

As mentioned above, this penny stock bottomed out at the end of ₹1.04 in March 2024, recording around a 45 percent rise.Also Read: Modi 3.0: Can auto stocks deliver PSU stocks like returns in long term?According to the information on the BSE website, the penny stock traded ex-split on 13 October 2016 in a 1:5 ratio. Likewise, it traded ex-bonus on 6 July 2018 to finalize eligible shareholders for the issuance of bonus shares in a 1:10 ratio.In an exchange filing on Thursday, Srestha