4,000 per cent returns: This multibagger electrical equipment company enters into MoU with Radius Synergies International Private Limited

The stock gave multibagger returns of 1440 per cent in just 1 year, 2200 per cent in 2 years and over 4000 per cent in 3 years.

RMC Switchgears Limited entered into a Memorandum of Understanding (MoU) with Radius Synergies International Private Limited ("Radius Synergies") on August 09, 2023. The MoU has been executed for a duration of 5 years with the following objectives:

1. Knowledge Sharing and Capacity Building - The primary aim of the collaboration is to foster knowledge sharing and capacity building in the electricity distribution and energy sector.

2. Global Outreach for IT Automation Solutions - The companies will collaborate to extend their efforts towards achieving the common goal of providing it automation-based software, hardware, solutions, and services in the domains of extra high tension (EHT), high tension (HT), low tension (LT), and consumer metering to a wide array of electricity distribution companies worldwide.

3. Techno Commercial Studies and Analysis - Both Companies will jointly conduct techno-commercial studies, surveys, and analysis to identify opportunities aligned with the requirements of electricity distribution companies.

4. Promoting Best Practices - The collaboration will emphasize the adoption of best practices to ensure client satisfaction on a case-by-case basis while meeting project requirements.

The Management added, “The MoU signifies a significant step towards fostering technological innovation and collaborative efforts in the Electricity Distribution and Energy Sector. We believe that this strategic partnership will contribute to the advancement of the industry and bolster our commitment to providing cutting-edge solutions.”

On Friday, shares of RMC Switchgears Ltd surged 5 per cent upper circuit to Rs 620.25 per share from its previous closing of Rs 590.75. The shares of the company saw a spurt in volume by more than 2.06 times on BSE. The company has a market cap of Rs 425 crore with an ROE of 41.2 per cent and a ROCE of 34.2 per cent.

The stock gave multibagger returns of 1440 per cent in just 1 year, 2200 per cent in 2 years and over 4000 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. 

1 comments on article "4,000 per cent returns: This multibagger electrical equipment company enters into MoU with Radius Synergies International Private Limited"

Sujata Das debnath

Good for knowledge , and information, useful for professional student ,person.

8/15/2023 8:14 AM

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