Heavy buying: Back-to-back upper circuit in this multibagger SME stock; Secures license agreement from Germen company!

Shares of the company have gained about 340 per cent in the last one year.

Shares of Meson Valves India Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 190 per cent.

Recently, Meson Valves India signed a licensing agreement with Georg Schunemann GmHH, a German company. This agreement grants Meson exclusive rights to use Georg Schunemann's expertise in filters, manufactured products, and inserts. Meson can also seek their assistance to optimize technology use.

This deal positions Meson as one of the leaders in "Make in India" manufacturing for these valve components. Additionally, Meson can now expand into new industries like aerospace, water treatment, and oil & gas. By gaining knowledge in manufacturing, assembly, marketing, and sales, Meson can improve their product offerings and become more competitive in the market.

Shares of Meson Valves India Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 203.45 on September 21, 2023, to Rs 904.00 on April 26, 2024, an increase of about 340 per cent in a one-year holding period.

Meson Valves India Limited, previously known as Sander Meson India Private Limited, is a supplier of valves, actuators, Strainers, and remote-control valve systems to industries.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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