Amid a broader downturn in the Indian stock market, a penny stock priced below ₹1 has drawn attention after posting gains during Wednesday’s trading session. The stock of Orri Grow India Limited rose 5 per cent, a move that market analysts attribute to a recent corporate announcement.
Penny stock Orri Grow jumps amid AI-driven carbon credit push. According to market observers, this development has contributed to the rise in the share price.
In a stock exchange filing on Tuesday, Orri Grow announced the launch of an AI-enabled carbon credit platform named Carbonkrishi. Through this initiative, the scope of the carbon credit and ESG ecosystem is expected to expand further. The company plans to onboard approximately one lakh farmers from across the country on the platform. This could potentially generate carbon credits worth ₹16 crore to ₹50 crore. Market experts believe this may lead to higher revenue for the company.
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Alongside the platform launch, Orri Grow also informed the exchanges that its board has granted the management approval to explore acquisitions or investments. The management has been authorised to consider steps such as a rights issue, Qualified Institutions Placement (QIP), or preferential allotment.
Following Wednesday’s trading session, the company’s share price reached ₹0.77. Over the last five trading sessions, the stock has gained 5.5 per cent. It has risen by more than 26 per cent over the past month and has increased by approximately 32 per cent over the last six months.
