Micro-Cap Company Bags New Order Worth Rs 1,10,00,000 From Department of Industry, Commerce & Enterprises Government of West Bengal
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 93.05 per share.
Dynamic Services & Security Ltd. (DSSL) has recently secured a contract from the Department of Industry, Commerce and Enterprises, Government of West Bengal. This domestic contract entails providing security, operation, and maintenance services at the Office Building of Shilpa Sadan in Kolkata. The contract, valued at approximately Rs 1.10 crore, is governed by standard terms and conditions and is scheduled to commence on January 1, 2025, and conclude on December 31, 2025.
Earlier, the company secured a significant contract from the Government of Maharashtra to establish a new solar photovoltaic (PV) panel manufacturing facility in MIDC Villebhagad, Raigad district. This 'Mega Project' aims to produce 1800 MW of solar PV panels and is being undertaken under the Package Scheme of Incentives (PSI) 2019. DSSL has committed a substantial investment of Rs 1,080 crore towards this project, which is expected to contribute significantly to the state's renewable energy goals and economic growth.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. Additionally, the company design, engineering, manufacturing, procurement & supply, installation, testing & commissioning of solar plants and projects. The company has a market cap of Rs 534 crore and reported positive numbers in its half-yearly results & annual results.
The stock’s 52-week high is Rs 404 and its 52-week low is Rs 93.05. The shares of the company have an ROE of 16 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 93.05 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.