Multibagger from its 52-week low; Board likely to announce rights issue!

Multibagger from its 52-week low; Board likely to announce rights issue!

Kiran Shroff
/ Categories: Trending, Mindshare

The stock gave multibagger returns of 198.47 per cent from its 52-week low of Rs 13.10.

Dynamic Services & Security Ltd informed that a meeting of the Board of Directors of the company will be held on Wednesday, June 21, 2023 at the Registered Office of the Company to discuss and consider inter-alia;

1. Proposal of the raising of funds by way of the issue of equity shares on a rights basis, subject to the receipt of necessary approvals.

2. Any other matter with the permission of the chair, as the Board thinks fit or which is incidental and ancillary to the business of the Company.

On Monday, shares of Dynamic Services & Security Ltd zoomed 5 per cent upper circuit to Rs 39.10 per share. At the closing bell, shares of the company ended the day in red, down 2.01 per cent to Rs 36.50 per share. The shares of the company also traded at a new 52-week high of Rs 39.10 per share.

DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here

Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc.

The company has a market cap of Rs 50 crore with a 1-year CAGR of 150 per cent. The net sales increased by 56.25 per cent to Rs 50 crore and net profit skyrocketed 400 per cent to Rs 10 crore in FY23 over FY22.

The stock gave multibagger returns of 198.47 per cent from its 52-week low of Rs 13.10. Investors should keep an eye on this micro-cap stock.

Previous Article Multibagger ship building company stock hits back-to-back 52-week high!
Next Article Multibagger penny stock under Rs 15: Shares of this small-cap company soar over 11 per cent to make a new 52-week high!
Rate this article:
4.1

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR