Multibagger from its 52-week low; Board likely to announce rights issue!
The stock gave multibagger returns of 198.47 per cent from its 52-week low of Rs 13.10.
Dynamic Services & Security Ltd informed that a meeting of the Board of Directors of the company will be held on Wednesday, June 21, 2023 at the Registered Office of the Company to discuss and consider inter-alia;
1. Proposal of the raising of funds by way of the issue of equity shares on a rights basis, subject to the receipt of necessary approvals.
2. Any other matter with the permission of the chair, as the Board thinks fit or which is incidental and ancillary to the business of the Company.
On Monday, shares of Dynamic Services & Security Ltd zoomed 5 per cent upper circuit to Rs 39.10 per share. At the closing bell, shares of the company ended the day in red, down 2.01 per cent to Rs 36.50 per share. The shares of the company also traded at a new 52-week high of Rs 39.10 per share.
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Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc.
The company has a market cap of Rs 50 crore with a 1-year CAGR of 150 per cent. The net sales increased by 56.25 per cent to Rs 50 crore and net profit skyrocketed 400 per cent to Rs 10 crore in FY23 over FY22.
The stock gave multibagger returns of 198.47 per cent from its 52-week low of Rs 13.10. Investors should keep an eye on this micro-cap stock.