700 per cent returns from its 52-week low: This micro-cap company receives new order worth Rs 62.9 million from The State Fisheries Development Corporation Ltd!
The stock gave multibagger returns of over 700 per cent from its 52-week low of Rs 15 per share.
Dynamic Services and Security Ltd informed that the company has recently received a very prestigious order from The State Fisheries Development Corporation Limited.
The order includes supply and installation of grid connected roof top solar photovoltaic power plant of cumulative array capacity (720 KWP) at Kakdwip Fishing Harbour, South 24 Parganas. The contract value is approx. Rs 62.9 million and will be completed within 1 year from LOI.
Earlier, the company received multiple order worth Rs 7.2 million. The one order is received for housekeeping services contract to Impresario Entertainment & Hospitality Private Limited. The Contract Value is Rs 2.4 million. The agreement is for a period of 1 year initially. Another order is for providing human resources for chef manager, commi, stewards, stores, utility boy, etc to The Ashoka Hotels (Unit of A D Hotels Private Limited. The contract value is Rs 4.8 million. The agreement is for a period of 1 year initially.
On Wednesday, shares of Dynamic Services & Security plunged 3.56 per cent to Rs 115 per share with an intraday high of Rs 121.90 and an intraday low of Rs 115. The stock’s 52-week high of Rs 164.75 and an its 52-week low is Rs 15.
Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. The company has a market cap of Rs 164 crore and reported positive numbers in its half-yearly results & annual results.
The shares of the company have an ROE of 20 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of over 700 per cent from its 52-week low of Rs 15 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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