619 per cent returns in just 1 year: Watch out for this multibagger penny stock that was locked in upper circuit on May 10
The shares of the company saw a spurt in volume by more than 4 times on BSE.
One of the Top Gainers on BSE on Wednesday, shares of Pressure Sensitive Systems (India) Ltd surged 5 per cent upper cent to Rs 9.06 per share from its previous closing of Rs 8.63. In recent trading sessions, the stock had hit back-to-back upper circuits and spurt in volume.
Recently, Pressure Sensitive Systems (India) Ltd subsidiary company Global Markets Insights IT Services LLC has completed the order for building VR Reality modules for the Dubai-based entity Wahat Al Butain General Trading LLC. The total value of an order is Rs 4.10 crore.
Pressure Sensitive Systems India Ltd has a market cap of Rs 134.42 crore. It is engaged in manufacturing cloth tapes. The company produces nylon, rayon, cotton and fibreglass tapes. The company is also engaged in the business of other financial services.
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In the financial year 2022-2023, the company did a stock split from a face value of Rs 10 per equity share to a face value of Rs 1 per equity share. The shares of the company saw a spurt in volume by more than 4 times on BSE.
The stock has a 52-week high of Rs 20.26 and a 52-week low of Rs 1.20. In just 1 year, the stock gave multibagger returns of 619 per cent whereas BSE Small-cap Index is just up by 15.47 per cent. Investors should keep an eye on this textile stock.