Multibagger penny stock under Rs 60: This micro-cap company receives order worth Rs 100,00,00,000 from Bharat Cineplex Pvt Ltd & Broadcast Engineering Consultants India Ltd!

The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 800 per cent in 2 years.

NMS Resources Global Ltd informed that the company has entered into a memorandum of understanding (MoU) with Apollo Green Energy Limited for the development of up to 100 complexes under the Bharat Heera Kendra’s complex development projects, initially awarded by Bharat Cineplex Pvt Ltd in collaboration of Broadcast Engineering Consultants India Limited, a public sector undertaking (a Mini-Ratna Company of Government of India).

The aggregate value of the said MOU is approx. Rs 100,00,00,00 (Rupee one hundred crore only).

The company has received the first service order for Rs 8,26,00,000 (Rupee eight crore twenty-six lakh only) including GST under the said MOU for mapping, survey & identification of land in rural areas of Uttar Pradesh for shortlisting at various sites for the development of 100 complexes.

Company Name Change Update: Earlier, the company informed that the company, ‘NMS RESOURCES GLOBAL LIMITED’ received a letter from the Ministry of Corporate Affairs (MCA) on September 23, 2023, confirming the availability of the proposed new name of the company, i.e., “NMS GLOBAL LIMITED”.

NMS Resources Global Limited provides temporary employment services. The company offers interim jobs, permanent staffing, and training solutions. NMS Resources Global serves the construction, engineering, and finance industries. NMS Resources Global serves customers in India. The company has a market cap of 15.57 crore.

On Friday, shares of NMS Resources Global Ltd gained 2 per cent upper circuit to Rs 51.80 per share from its previous closing of Rs 50.80. The stock’s 52-week high is Rs 55.05 and its 52-week low is Rs 14.75.

The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 800 per cent in 2 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.