This multibagger micro-cap stock below Rs 100 signs an exclusive MOU!

The stock has witnessed heavy buying as it has given multibagger returns of more than 110 per cent in 1 year

On Monday, shares of Kilburn Engineering zoomed more than 3 per cent to make an intraday high of Rs 95.62 apiece on BSE. 

Kilburn Engineering announced that it has signed a Memorandum of Understanding (MoU) with Idreco S.A., a Switzerland-based enterprise that specializes in flue gas cleaning, industrial plants, water treatment and wastewater treatment. The purpose of this MoU is to enable mutual collaboration between the two companies in the development and sale of engineered equipment for various applications, across multiple regions. 

This partnership is aligned with the company's mission to offer a broad spectrum of technologically advanced equipment to its customers worldwide. The company is optimistic that this collaboration will help them increase their order book and turnover in the future. 

Kilburn Engineering Ltd is engaged in designing, manufacturing and commissioning customized equipment/systems for critical applications in several industrial sectors like chemical, steel, nuclear power, petrochemical & food processing, etc.   

The stock has witnessed heavy buying as it has given multibagger returns of more than 110 per cent in 1 year and it has surged more than 55 per cent in just 6 months. 

Keep a close eye on this trending multibagger stock.