Penny stock hits 5% upper circuit after company launches a new product
Summary
Shares of this health-tech company clocked 5 percent upper circuit in Friday’s trading session after launching Anti- Stress Wearable product. 62.2 crores, the shares of Globalspace Technologies Ltd started Friday’s trading session on a higher note at Rs. 22,500, leverages FDA-approved neuroscience-researched non-invasive brain stimulation (NIBS) technology and promises to be an anti-stress companion for individuals dealing with mild to severe stress and anxiety. The product is designed to activate cortisol by connecting to a phone and utilizing sticky pads on the ears, delivering tailored stimulations scientifically calibrated to address stress levels. The Company focuses on software product platforms and solutions based on new age Technology stack viz., Cloud or Artificial Intelligence.