New Delhi, Sept. 14 -- Penny stock Sellwin Traders rose as much as 2 per cent upper circuit on Friday. Sellwin Traders share price has been hitting upper circuit for 28 days in a row.

The penny stock has given multibagger returns in last six months by surging over 265 per cent. However, the stock has descended nearly 46 per cent in last one year.

In an exchange filing on September 13, the company said that the board has approved the conversion of 49,35,000 warrants 49,35,000 equity shares of face value Rs.2/- each out of the warrants allotted by way of preferential allotment.

"Conversion of 49,35,000 warrants 49,35,000 Equity Shares of face value Rs. 2/- each out of the warrants allotted by way of preferential allotment to the followin...