Multibagger Stock Under Rs 20: This small-cap company received a work order from Dubai based entity!
Shares of the company have jumped more than 28 per cent in the last six months.
On February 28, 2023, Pressure Sensitive Systems India Limited informed in the exchange filing that a wholly owned subsidiary of the company - Global Markets Insights IT Services LLC has received an order for building VR Reality modules for the Dubai-based entity Wahat Al Butain General Trading LLC. The work order is worth Rs 4.1 crore and does not fall under related party transactions.
Pressure Sensitive Systems India has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 1.26 on July 11, 2022, to Rs 10.21 on February 28, 2023, an increase of 710.32 per cent in one year holding period.
Pressure Sensitive Systems (India) Limited was formed in 1987 to manufacture all types of coated products such as self-adhesive tapes etc. Its chief promoters have a combined experience of over 60 years in this field. It went public in 1995.
Today, the stock opened at Rs 9.88, with a high and low of Rs 10.90 and Rs 9.88. The stock closed trading at Rs 10.21, down by 1.73 per cent. The stock has a 52-week high of Rs 20.26 and a 52-week low of Rs 1.20.
In the last 6 months, the shares of the company have given more than 28 per cent returns and on a YTD basis, the stock has given about 60 per cent returns.