Penny stock to be in focus on Friday; here’s why

Aug 21, 2025
penny-stock-to-be-in-focus-on-friday;-here’s-why

Penny stock: Sellwin Traders shares will be the focus of stock market investors on Friday, 21 August 2025, after the company announced that it has entered a Memorandum of Understanding (MoU) with Global Market Insights IT Services LLC (GMIIT) Dubai to form a strategic business partnership aimed at expanding and strengthening the company’s Middle East operations, according to an exchange filing. 

As per the contract, the company will make a controlling investment of more than 51% equity in GMIIT for nearly $1 million or nearly 8.5 crore. This will make GMIIT a subsidiary of Sellwin Traders.

It is part of the company’s diversification strategy while providing financial and strategic support to scale up its operations across the Gulf market. Sellwin expects a return on investment of 7% or more per year from the strategic partnership.

“This strategic investment in GMIIT reflects our vision of expanding into high-growth, future-ready sectors. The Gulf region is a hub of digital transformation, and through this partnership, we aim to create a strong platform for delivering innovative IT and consulting solutions to global clients,” said Monil Vora, director at Sellwin Traders.

Sellwin Traders Share Price Trend

Sellwin Traders’ share price closed 1.95% higher at 9.95 after Thursday’s stock market session, compared to 9.76 at the previous market session. The company announced its MoU update during the stock market session on 21 August 2025. 

Shares of the company have lost more than 21% in the last five years and over 58% in the last one-year period. On a year-to-date (YTD) basis, the shares of Sellwin Traders have surged 114.90% in 2025 and are trading 8.03% higher in the last five market sessions on the Indian stock market.

Sellwin shares hit their 52-week high level at 9.95 on Thursday, 21 August 2025, while the 52-week low level was at 2.71 on 15 April 2025, according to the data collected from the BSE website.

The company’s market capitalisation (M-Cap) stood at 228.77 crore as of the stock market session on Thursday, 21 August 2025.

Read all stories by Anubhav Mukherjee

Disclaimer: This article is only meant for educational purposes. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making investment decisions.

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