Multibagger Small-cap Company Collaborates with Onix Renewable for Solar Business Expansion – Stock Rallied 10 Per cent and Hit 52-Week High and Upper Circuit Today!
The company’s shares have delivered a multibagger return of over 280 per cent in just 1 year.
MOS Utility Limited, a Small-Cap company that is a leading fintech company, has signed a service agreement with Onix Renewable Limited, appointing MOS as the sole selling franchisee for the sales and distribution of solar panels and related products across India. Onix, based in Gujarat, selected MOS for its nationwide reach and robust presence in over 25 states.
This strategic partnership will significantly enhance the availability of solar energy products, especially in remote areas where access has been limited. Under the five-year agreement, MOS will handle the sales and distribution of Onix's solar products, adhering to agreed standards and operating procedures. The partnership aims to bridge the gap in solar energy accessibility and is expected to boost MOS Utility Limited’s revenue and profitability.
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MOS Utility Limited is known for its comprehensive fintech and utility payment solutions and is committed to driving financial inclusion and accessibility through its customer-centric approach. This new venture is set to positively impact India's solar ecosystem by expanding access to renewable energy solutions.
On Monday, the shares of MOS Utility Limited rallied and hit the upper circuit and 52-week high price and closed the day at around Rs 350.95 per share on the NSE. The company’s current market capitalization stands at Rs 875.11 crore. Additionally, the shares have delivered over 280 per cent multibagger return in the past 1 year.
According to the shareholding pattern of the company, the promoters hold a 64.67 per cent stake while public investors own 34.28 per cent of the shares. FIIs hold a 1.05 per cent stake and 23.33 per cent in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.