Multibagger micro-cap company signed an MoU with Bharat Battery Mfg Co Pvt Ltd for manufacturing of lead acid batteries for railways; defence & telecom sector
The stock gave multibagger returns of over 230 per cent from its 52-week low of Rs 82 per share.
Dynamic Services & Security Limited (DSSL) has entered into a strategic acquisition through a Memorandum of Understanding (MOU) with BHARAT BATTERY MFG CO PRIVATE LIMITED. The acquisition involves DSSL acquiring 100 per cent of the shareholding in Bharat Battery, a company specializing in manufacturing lead-acid batteries for various applications including railway, defence and telecommunication. The acquisition is valued at Rs 45 crore and is expected to be completed within 90 days. All necessary regulatory approvals will be sought. This strategic move aligns with DSSL's business interests and will provide them with access to Bharat Battery's expertise and product range.
Earlier, the company secured a two-year contract from Indian Railways (Northern Railway) to provide comprehensive housekeeping and hospitality services at their running room in Chandausi Moradabad, Uttar Pradesh. The contract includes providing 16 staff members in three shifts, supplying meals, newspapers, magazines, laundry services and uniforms, as well as maintaining the premises with landscaping and plantation. The total contract value is Rs. 1,17,31,964.70.
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On Thursday, shares of Dynamic Services & Security hit a 5 per cent upper circuit to Rs 274.10 per share from its previous closing of Rs 261.05. The stock’s 52-week high is Rs 339.95 and its 52-week low is Rs 82.
Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. The company has a market cap of Rs 376.78 crore and reported positive numbers in its half-yearly results & annual results.
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 230 per cent from its 52-week low of Rs 82 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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