Avance Technologies’ share price locked in the 5% upper circuit during Thursday’s trade after the company announced plans to acquire up to 100% stake in Pushpak AI, a Hyderabad-based computer vision and Edge AI platform. The development marks Avance Technologies’ entry into the fast-expanding artificial intelligence market, projected to grow to $2.4 trillion by 2032.
The BSE-listed penny stock opened at ₹1.90 against the previous close of ₹1.91 and climbed to ₹2, its upper price band for the day.
What triggered the rally?
In a stock exchange filing, Avance Technologies said it has signed a non-binding term sheet to acquire full equity ownership in Pushpak AI. The proposed deal would give Avance complete strategic and operational control, allowing deeper integration of Pushpak AI’s IP, technology platforms, and enterprise partnerships.
The acquisition is aimed at strengthening Avance’s presence in the visual intelligence and Edge AI ecosystem, where adoption is accelerating across manufacturing, infrastructure, smart cities, retail, logistics, and industrial automation.
Pushpak AI, incubated at T-Hub Hyderabad, specialises in converting visual data—such as camera feeds, videos, images, and documents—into real-time, actionable insights at the edge. The platform serves leading enterprises across sectors, with clients including Maruti Suzuki, TVS Motor, Hero, L&T, Adani Group, CMS Info Systems, and Smart City Bhubaneswar, among others.
Commenting on the development, Avance Technologies said the proposed acquisition aligns with its strategy of building scalable, IP-led technology platforms with proven enterprise adoption, with the goal of long-term shareholder value creation.
Avance Technologies share price performance
Despite broader market volatility, the penny stock has remained in focus, delivering over 110% gains in one month and around 127% in six months. Over the past five years, the stock has surged nearly 3,900%, significantly multiplying investor wealth. The stock is listed only on the BSE, with a 52-week high of ₹3.15 and a 52-week low of ₹0.52.
Disclaimer:
This news article is for informational purposes only and does not constitute investment advice. Investors should consult certified financial advisors before making any investment decisions.
