Multibagger penny stock under Rs 60: This micro-cap company bags multiple new orders worth Rs 52,52,800!

Shares of the company gained about 15 per cent on a YTD basis.

Syschem (India) Limited informed in the exchange filing that the company has received multiple orders worth Rs 52,52,800. The first order is from Pharmacare International for the supply of 400 Kgs of Cephalexin Monohydrate, and 100 KGS of Cephalexin Monohydrate IP /BP/USP Comp. The second order is from Attar for the supply of 25 Kgs, 40 Drums, Amoxcycillin Trihydrate Compacted BP.

Last month, the company received multiple orders worth Rs 4.02 crore.

Syschem (India) Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 5.97 on September 11, 2020, to Rs 53.50 on September 08, 2023, an increase of more than 700 per cent in a three-year holding period.

Syschem (India) Limited (SIL) is engaged in the manufacturing of Bulk Drugs, Intermediates, and contract manufacturing. The company is owned and operated by a highly committed group of techno-commercial with extensive experience in the bulk drug business. The company has a committed group of techno-commercial experts with extensive experience in the bulk drug industry.

Today, the stock opened at Rs 53.00, with a high and low of Rs 54.00 and Rs 52.33. It is currently trading at Rs 53.95, up by 3.35 per cent. The stock has a 52-week high of Rs 65.10 and a 52-week low of Rs 36.32. The company has a ROCE of 39.0% and an ROE of 31.8% with a market capitalisation of Rs 169 crore.

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