There is a period of decline in the stock market these days. The BSE Sensex slipped 721 points on Friday and on Monday also appeared in a weakness of more than 110 points till 11 am. But in this environment there is such a penny stock, which is constantly moving towards height and is closing at 5 per cent upper circuit every day.
We are talking about Spright Agro Limited, which is trading at a price of just ₹ 2.44. It has caught the attention of investors rapidly in the last few days. The special thing is that this stock is still trading below ₹ 3, but its quarterly results have given new life to it.
Share price is less than ₹ 3
This agricultural-based company from Gujarat closed last Friday at ₹ 2.33, which was the upper circuit level of that day. As soon as the market opened on Monday, it reached ₹ 2.44, which was a 5 per cent upper price band for that day. In day business, it slipped to ₹ 2.43 for a while, but in a short time again, it was again at ₹ 2.44.
Earlier, this stock had fallen on BSE to a level of ₹ 2.07, that is, it is still above its recent low, but can still be considered very cheap.
What does the company do?
Sprite Agro Limited is a company working in the field of farming, which started in the year 1994. It was previously known as Tin Agro Limited.
The company is active in contract farming, greenhouse technology and modern agricultural methods. It cultivates, production and marketing various agricultural and horticulture crops, medicinal plants and greenhouse products in India. The company works on its own fields or leased lands and also exports agricultural products to domestic and international markets.
Results changed picture, tremendous bounce in revenue
The results of the company’s first quarter (Q1Fy26) recently released are considered to be the biggest reason for its rapid climb. The company’s net income was ₹ 3.13 crore in the fourth quarter (Q4Fy25) of 2025. But in the latest quarter (Q1fy26), this figure increased to ₹ 62.16 crore, which is about 19 times more. Talking about profits, it was ₹ 6.25 crore in the first quarter of last year, while this time it has increased to ₹ 9.15 crore i.e. 46.63 percent.
Management told further plan
The management of the company has described this huge increase in profits as the result of its strategic decisions and strong execution. The management says that they have improved production capacity and marketing channels, which led to a boom in both revenue and profits.
Spright Agro is planning to maintain the same speed even further. The company wants to further strengthen its grip through expansion in the new market and modern agricultural techniques.
What to do investors?
Available at less than ₹ 3 price, this stock is currently seen in technically strong trend. Constant additional circuit bearing shows that the market is watching positive possibilities in it. However, it is still a penny stock, where the risk is also high. Therefore, investors should seriously consider the company’s financial data, sector status and possible risks before any decision.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India suggests its readers and spectators to consult their financial advisors before taking any decision related to money.