Back-to-Back Upper Circuit for 6 Days: Microcap Company Partners with Boston Supplies Resources for Australian Mining Ventures!

The company’s shares have delivered an impressive multibagger returns of over 120 per cent in just 1 Year.

Incorporated in 1986, NMS Resources Global Ltd operates in Trading & Consultancy Services. The company has entered into a Memorandum of Understanding dated 2nd July 2024 with Boston Supplies Resources Pty. Ltd., an Australian company registered in Australia. This MoU aims to facilitate sourcing mines, minerals, and real estate deals exclusively for Indian ventures and buyers through NMS Global Ltd.

Boston Supplies Resources Pty. Ltd. boasts over two decades of experience in mining and related exploration, operating globally with a significant presence in Australia. The company currently holds various mines, including an active nickel mine and chrysoprase (Australian Imperial Jade). It possesses extensive knowledge of Australia's geographical areas and valuable information on prospective mines for nickel, gold, lithium, iron ore, chrome, and coal, among others.

At the start of the day's trading session, the share of NMS Resources Global Ltd opened at Rs 80.89 per share, compared to the previous day's closing figure of Rs 77.04 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 24.31 crore, and the stock has generated an impressive multibagger return of over 275 per cent in just 1 year. 

Regarding the shareholding pattern, the promoters own 49.93 per cent of the company and the public or retail investors hold 50.07 per cent.

Investors must keep this Small-Cap stock on their radar.

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