Penny stock below Re 1 jumps 10% despite selling pressure in Indian stock market
Stock Market Today: Penny stock below Re 1 — Enbee Trade & Finance — surged 10% in the morning trade on Thursday, defying the selling pressure in the Indian stock market.
Enbee Trade & Finance’s strategic alliance
The gains in penny stock Enbee Trade and Finance came after the company on Wednesday, post-market hours, announced forming a strategic alliance with Sunrise FinServe to boost loan disbursement efficiency.
The partnership, as per Enbee Trade, is to enhance financial inclusion and streamline loan processing across Maharashtra and Gujarat.
Through this partnership, Enbee will strengthen its lending procedures by utilising Sunrise FinServe’s extensive industry knowledge, strong distribution network, and cutting-edge customer acquisition skills.
The partnership aims to increase credit availability for underprivileged and semi-urban populations, expedite application processing, and maximise turnaround times.
The management of Enbee Trade and Finance commented, “We are excited to partner with Sunrise FinServe Pvt Ltd to accelerate our growth in the retail lending space. This alliance is not just a step towards operational efficiency but also a strategic move to enhance financial inclusion. By leveraging Sunrise’s experience and digital reach, we aim to provide quicker, more accessible financial services to a broader customer base, especially in key markets like Maharashtra and Gujarat.”
Enbee Trade and Finance: Financial performance
Enbee Trade and Finance recorded a total revenue of ₹19.73 crore for the fiscal year that ended on March 31, 2025. This represents a significant increase from ₹10.25 crore in FY 2023-24, or more than a 92% year-over-year growth.
The company’s net profit for FY25 was ₹4.95 crore, up over 217% year-over-year from FY24’s ₹1.56 crore.
The company’s consolidated net profit for the fourth quarter, which concluded on March 31, 2025, was ₹1.64 crore, a 76% year-over-year increase over the net profit of ₹0.93 crore in Q4 FY24.
These outcomes highlight Enbee’s firm growth plan, careful financial execution, and strong operational momentum.
Enbee Trade & Finance: Share price movement
Penny stock below Re 1, Enbee Trade & Finance share price, opened at Re 0.79 on the BSE on Thursday. Enbee Trade & Finance share price was up close to 10% over the previous day’s closing price of Re 0.72.
Enbee Trade & Finance stock thereafter continued to trade at the level of Re 0.79, which is also the upper price band.
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