Penny stock GACM Technologies hits 5% upper circuit after results

GACM Technologies is a company that makes computer and phone technology.

Its shares cost less than one rupee, which is why people call it a penny stock.

On Thursday, its share price went up by the maximum amount allowed in one day — 5% — even though the rest of the stock market was quiet.

The company recently told everyone about its money results for the first part of the year.

It earned a profit of about 1.51 crore rupees, a little less than before.

It also said it has paid off all its loans, which is very good news for a company.

GACM signed a big deal worth 15 crore rupees to build phone and internet services with another company called Tesync Technology.

Now it wants to raise almost 50 crore rupees by selling new shares, and it priced them higher than the minimum allowed.

When companies share good news, people often want to buy their shares, and that made the price go up a lot in the past month.