Keep an eye on this multibagger penny stock, which was locked in the upper circuit on January 27

In just 6 months, the stock gave multibagger returns of 226.37 per cent.

One of the Top Gainers on BSE today, shares of Pressure Sensitive Systems (India) Ltd surged 5 per cent upper cent to Rs 8.91 per share from its previous closing of Rs 8.49. In recent trading sessions, the stock had hit back-to-back upper circuits and spurt in volume.  

Recently, Pressure Sensitive Systems (India) Ltd subsidiary company Global Markets Insights IT Services LLC has received a purchase order from IBM (UK) for the supply of United Arab Emirates corporate data and analytics. The total value of an order is Rs 5.1 crore.  

Pressure Sensitive Systems India Ltd has a market cap of Rs 132.19 crore. It is engaged in manufacturing cloth tapes. The company produces nylon, rayon, cotton and fibre glass tapes. The company is also engaged in the business of other financial services. The company announced that the registered office of the company is to be shifted from The State of Maharashtra to The State of Gujarat subject to the approval of the shareholder of the company.   

The stock has a 52-week high of Rs 20.26 and 52-week low of Rs 1.20. In just 6 months, the stock gave multibagger returns of 226.37 per cent. Investors should keep an eye on this multibagger penny stock.