Battery manufacturer bags 4 orders worth Rs 2,79,05,131.52 from Indian Railways in just 1 day
The stock gave multibagger returns of 252 per cent from its 52-week low of Rs 93.05 per share.
Dynamic Services & Security Ltd (DSSL) has secured four new orders valued at Rs 2,79,05,131.52 from various railway zones in India. These orders include:
- Southern Railway: An order worth Rs 2,35,34,336 for the supply of Low Maintenance Lead Acid Batteries, to be executed between January 10, 2025 and August 10, 2025.
- Eastern Railway: An order worth Rs 43,70,795.52 for the supply of Diesel Loco Starter Batteries, to be executed between January 10, 2025 and March 31, 2026.
- East Central Railway: An order worth Rs 67,32,544 for the supply of Batteries for TRD equipment, to be executed between January 10, 2025 and February 24, 2025.
- North Central Railway: An order worth Rs 1,73,88,800 for the supply of Low Maintenance Lead Acid Batteries, to be executed between January 09, 2025 and March 31, 2026.
These orders, all to be fulfilled domestically, demonstrate DSSL's significant role as a key supplier of critical components to the Indian railway sector.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. Additionally, the company design, engineering, manufacturing, procurement & supply, installation, testing & commissioning of solar plants and projects. The company has a market cap of Rs 494 crore and reported positive numbers in its half-yearly results & annual results.
On Tuesday, shares of Dynamic Services & Security hit a 5 per cent lower circuit to Rs 327.40 per share from its previous closing of Rs 344.60 per share. The stock’s 52-week high is Rs 391.80 and its 52-week low is Rs 93.05. The shares of the company have an ROE of 16 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 252 per cent from its 52-week low of Rs 93.05 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.