600 per cent returns: Heavy buying witnessed in this multibagger micro-cap stock as company receives multiple orders!
The shares of the company have a ROE of 31.80 per cent and a ROCE of 39 per cent.
Syschem (India) Limited (BSE scrip code: 531173), a leading manufacturer of active pharmaceutical ingredients (APIs) and bulk drugs, informed the exchange that the company has received multiple orders from various clients. Details below:
Order No - 1: The company has received a sales order of an amount of Rs 38,87,86,400 or Rs 38.88 crore from its customers towards the supply of products manufactured by the company.
Order No - 2: The company received this order from Infinity Laboratories Private Limited for the purchase of pharma products Amoxycillin & Cephalexin. The company considered the size of the order to be 110 MT. The dispatch is 16 X 6 MT per month, and the balance is 14 MT in the 7th month on 90 days credit, and the material should be fresh one.
On Monday, shares of Syschem (India) Limited zoomed 11.51 per cent to Rs 41.37 per share from its previous closing of Rs 37.10. The stock traded at an intraday high of Rs 41.85 per share and an intraday low of Rs 38.60 per share, with a spurt in volume by more than 3.75 times on BSE.
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The company has a market cap of Rs 132 crore and is almost debt-free, with only Rs 1.61 crore in debt. This represents just 1.22 per cent of its current market cap.
The shares of the company have a ROE of 31.80 per cent and a ROCE of 39 per cent. The stock gave multibagger returns of 300 per cent in 2 years and over 600 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.