New Delhi, July 10 -- Penny stock under Rs.1, GACM Technologies, hit the 5% upper circuit on Thursday, July 10, after the company board at its meeting a day ago approved raising Rs.200 crore via a qualified institutional placement (QIP). Additionally, the penny stock's board approved its financial results for the June 2025 quarter of the ongoing fiscal year (Q1 FY26).

GACM Technologies' share price opened at Rs.0.83 apiece, slightly lower than its last close of Rs.0.85, but soon touched the intraday high of Rs.0.89, which is also its 5% upper price band.

GACM Technologies in an exchange filing dated July 9 said that the board approved raising of funds by way of issuance of such number of equity shares having a face value of Rs. 1 each o...