Back-to-back 52-week highs in this multibagger stock: This micro-cap company forms a JV partnership with German giant!

The stock gave multibagger returns of 152 per cent from its 52-week low of Rs 62.80 per share and a whopping 450 per cent in 3 years.

20 Microns Ltd informed that the management of the company is in discussion with Sievert Baustoffe Auslandsbeteiligungen GmbH, a German-based company for the formation of a joint venture company in India which will undertake the production of construction chemicals and building material-related products.

Further, inter alia, the capital to be infused for incorporation of the joint venture company by both parties is at the negotiation stage. The company has received the term sheet in relation to said joint venture agreement which was executed on October 04, 2023.

On Friday, shares of 20 Microns Ltd 2.79 per cent to make a new 52-week high of Rs 154 per share from its previous closing of Rs 146.70. The stock also made a new 52-week high of Rs 154 per share. In the recent trading sessions, the stock has been hitting back-to-back 52-week highs.

20 Microns Ltd, manufactures micronized minerals such as calcium carbonate, calcined clay and other specialty minerals. The company is also engaged in the processing and selling of speciality chemicals such as calcite, wax and SCD. The company has a market cap of Rs 525 crore. The company additionally reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23).

The stock gave multibagger returns of 152 per cent from its 52-week low of Rs 62.80 per share and a whopping 450 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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