Penny stock GACM Technologies experienced significant volatility during intraday trading on Tuesday, September 10, hitting both its upper and lower circuits of 5 per cent. The stock opened at ₹1.44, down from its previous close of ₹1.50, and surged 4.7 per cent to reach its upper price band of ₹1.57. However, it also plummeted 4.7 per cent during the session, touching its lower circuit of ₹1.43. Around 12:30 pm, the stock traded 2.67 per cent up at ₹1.54.
The stock rose on Tuesday, a day after the company announced in an exchange filing that the promoters and promoter groups intend to increase their stake in the company up to 13 per cent within the year.
