Keep an eye on this Smallcap stock which has amazed investors within a month of listing

Stock has given staggering 68 per cent returns in less than a month of its listing.

Shares of Silicon Rental Solutions have made a new all-time high of Rs 150.75 as the stock gained more than 15 per on Thursday. The stock has seen fresh buying from day one of its listing and has given staggering 68 per cent returns in less than a month. It has seen a volume spurt of 2.29 times on Thursday.  

Silicon Rental Solutions is a leading player in the IT equipment outsourcing company and was incorporated in 2016. Company provides laptops, desktops, CCTV cameras, etc. to various companies. It is also engaged in selling the used equipment. The company caters to more than 275 clients across 16 states and 3 union territories. Their client base includes some big companies such as Tata Motors Insurance Broking, Reliance Broadcast Network, Mahindra Integrated Business Solutions, Bewakoof Brands, Epicenter Technologies and Sitel India.  

Shares of the company have majorly gained due to positive numbers on the table, as sales in Q2FY23 grew by 80 per cent compared to Q2FY22. Company has increased its fixed assets to cater more companies in the future.  

Investors should keep an eye on this stock!