# String Metaverse stock hits 5% upper circuit despite market slump 2026-08-12T23:54:51+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet String Metaverse share price locked in a 5% upper circuit at Rs 7.17 on August 12, even as the Sensex fell 0.68% and Nifty 50 dropped 0.62% amid rising crude oil prices. The penny stock, trading under Rs 10, defied the broader market sell-off. The company reported strong Q1 FY27 results with revenue nearly doubling to Rs 392.42 crore, up 97.13% year-on-year. Profit after tax surged 101.80% to Rs 36.92 crore. Managing Director Ganesh Meenavalli attributed the performance to scaling technology businesses in AI, blockchain, and digital financial infrastructure. Despite the rally, the stock is down 61.18% year-to-date. ## Coverage - livemint.com Tags: AI, blockchain, penny stock, Q1 results, stock market, String Metaverse Canonical: https://indianopinion.org/string-metaverse-stock-hits-5-upper-circuit-despite-market-slump/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/string-metaverse-stock-hits-5-upper-circuit-despite-market-slump/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.