penny stock under 2

Source: Mint

New Delhi, August 14, 2025 – Shares of Harshil Agrotech Limited, a small-cap company trading under ₹2, surged 5 % on Thursday to reach the upper circuit at ₹1.33, following the company’s release of strong numbers for the quarter ending June 30, 2025.

Robust Q1 Results

Harshil Agrotech recorded a profit after tax (PAT) of ₹6.5 crore for the June 2025 quarter, compared with ₹90 lakh in the same quarter last year. In the previous quarter, the company reported a net loss of ₹78 lakh, marking the latest net profit of ₹6.5 crore as a significant turnaround.

Revenue from operations grew 430% year-over-year to ₹58.9 crore as compared to ₹11.3 crore in the June 2024 quarter. Revenue growth did come at a slightly higher cost as total expenses increased to ₹51 crore, compared to ₹10.1 crore in the same quarter last year. – 

Revenue and profit increased substantially, showing signs of steady business development, and have rejuvenated investor sentiment with the stock moving in a brisk manner on Thursday.

Stock Performance and Volatility

Despite the impressive gain on Thursday, Harshil Agrotech’s share price has undergone volatile motions. And while the micro cap firm gained over 4% in price in the last five trading days, it was down nearly 3% in price for the month.

In the last 12 months, the stock has provided negative returns of over 62 percent. At the current price, Harshil Agrotech is trading at a price that is 88% below its 52-week high of ₹11.79, created on November 12, 2024. Two days before announcing its Q1 results (August 12, 2025), the stock hit its 52-week low of ₹1.18.

In spite of this near-term weakness, the stock has produced amazing returns for long-term investors! In just the last five years, the return has been greater than 2,000%, so it has easily been a multibagger for long-term holders.

About the Company

Harshil Agrotech Limited trades in agricultural goods, commodities, and agri-materials in India. Previously known as Mirch Technologies (India) Limited, Harshil Agrotech became Harshil Agrotech in September 2023.

Why It Matters for Investors

Harshil Agrotech has just reported quarterly results showing mainly only losses, moving to a very healthy profit in a short time. These kinds of results can build Still, penny stocks are riskier investments due to their price volatility and small measures of size. Although their recent performance seems encouraging, analysts are already saying that additional quarters of growing earnings are necessary for the stock to continue recovering.

These results have sparked investor enthusiasm, but Harshil Agrotech will need to show sustained growth to recover for the long haul.