New Delhi, July 7 -- Shares of penny stock Golden Legand Leasing and Finance Ltd. surged 8.3% in Tuesday's trade, reaching Rs.9.46 apiece, after the company announced the incorporation of a wholly owned subsidiary to strengthen its digital financial services business. Today's mark the second day of winning run for the stock.

The stock climbed to an intraday high of around Rs.9.50 per share, extending investors' interest following the company's strategic expansion plans.

In a regulatory filing, the company said it has incorporated Gullakkart Private Limited as its wholly owned subsidiary (WOS), marking another milestone in its strategy to strengthen its digital financial services ecosystem and expand its technology-enabled lending busine...