20 per cent upper circuit & fresh 52-week high: This multibagger IT company receives new order worth Rs 289,26,54,000 from Modem MVUS Services Pvt Ltd

The stock gave multibagger returns of 400 per cent in 3 years whereas BSE Sensex Index is up by 46.15 per cent.

On January 05, 2024, shares of Ram Info Ltd locked into 20 per cent upper circuit & made fresh 52-week high because the Company has initiated a collaborative venture with local partners in Rajasthan to venture into the domains of Emerging Tech, Health Care, Energy and Animal Husbandry, etc., the Ram info Limited Acquired a 29 per cent stake in Modem MVUS Services Private Limited ('MVUS'). Later on, the stock came down and closed 15.57 per cent above the previous close.

The Honorable Chief Minister of Rajasthan, Shri Bhajanlal Sharma, officially launched the project on Saturday, February 24, 2024, and MVUS began allocating its resources on that day. It includes sending out Mobile Veterinary Units and hiring qualified personnel with the goal of treating animals urgently.

Modem MVUS Services Private Limited has been given the contract to operate and manage 271 mobile veterinary units as part of this effort. The agreement, which is worth Rs 289,26,54,000/-, is valid for five years. Ram Info has made a big advance in the direction of animal husbandry and veterinary care with this.

The company has a market cap of Rs 109 crore and has delivered good profit growth of 98 per cent CAGR over the last 3 years. Additionally, the company reported positive numbers in its Quarterly Results.

The shares of the company have a PE of 16.9x whereas the industry PE is 34.1x with an ROE of 23.5 per cent. The stock gave multibagger returns of 400 per cent in 3 years whereas BSE Sensex Index is up by 46.15 per cent. Investors should keep an eye on this micro-cap stock.

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