New Delhi, Feb. 20 -- Shares of Bartronics India, a small-cap penny stock, climbed over 2 percent on Thursday, February 20, defying broader market weakness. The stock gained traction after the company disclosed further details regarding its Memorandum of Understanding (MoU) with Singapore's PTW Group to establish a semiconductor manufacturing unit in India. The company had originally announced the MoU on January 8, 2025.

As per the exchange filing, the Memorandum of Understanding (MoU) between Bartronics India and PTW Group outlines a strategic collaboration to establish a semiconductor production facility, equipment refurbishment center, and training center in India. The agreement serves as the basis for a detailed merger scheme, which ...