Back-to-back 13 upper circuit: Arun Mukherjee gains Rs 15,92,250 in this multibagger micro-cap; two mega bulk deals recently!

Transitioning from a penny stock to a mega bagger, it has generated substantial wealth for its shareholders.

Indian markets on Tuesday exhibited a mixed trend, with the Sensex edging up by 0.12 per cent, while the Nifty experienced a marginal decline of 0.02 per cent. Broad market indices sustained a sell-off, with the Nifty Small-Cap plummeting by nearly 2 per cent and the Mid-Cap index declining by almost 1 per cent. The advance-decline ratio strongly favored declines, with 1738 stocks trading in the red.

Amidst the broader market turmoil, one micro-cap stock that has captured considerable attention is RS Software (India) Ltd, as it remained locked at an upper circuit, reaching a fresh 52-week high of 116.95 on NSE.

Remarkably, on this Tuesday, February 13, the stock has been locked into 13 consecutive upper circuits, indicating substantial buying activity. This is further evidenced by the robust volume witnessed on February 09, 2024. Two significant bulk deals were reported on that day, one from Arun Kumar Mukherjee and the other from CINCO Stock Vision LLP. Arun Mukherjee acquired 1,44,750 shares at an average price of Rs 106.10, while CINCO Stock Vision LLP made a similar purchase at the same price, but with a quantity of 1,02,397 shares. Interestingly, Arun Kumar Mukherjee has made total sum of aproxx. Rs 15,92,250 in just two days.

RS Software leverages its multi-rail expertise, honed through delivering transformative solutions across the digital payments value chain – Infrastructure, Application, and Services. The company enables digital payments Infrastructure, Application, and Services to cater to the value chain drivers – consumers and businesses. Its outside-in perspective has been instrumental in developing Applications that seamlessly connect Infrastructure to the last-mile, crucial for the widespread acceptance of any rail.

The company has also developed Services (FRM) and facilitates technology for its customers (industry stakeholders) to construct or collaborate with Fintech entities to innovate and deliver Services, thereby enabling value addition and opportunities for additional revenue streams.

RS Software plays a pivotal role in enabling digital payment Infrastructure for stakeholders seeking to establish an ecosystem within the digital payments value chain. The stock has emerged as a multibagger, delivering an impressive 102 per cent return in the last three months and a staggering 373.48 per cent surge over the past year. Transitioning from a penny stock to a mega bagger, it has generated substantial wealth for its shareholders.

Disclaimer: The article is for informational purposes only and not investment advice