Multibagger Security Solutions Company Started its Operation of Rail Neer Plant Awarded by Indian Railway Catering and Tourism Corporation Ltd
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 93.05 per share.
Dynamic Services & Security Limited (DSSL) has a subsidiary company called Mehai Technology Limited. Mehai Technology Limited has a further subsidiary named Mehai Aqua Pvt Ltd. This subsidiary recently started operating a Rail Neer Plant in Vijayawada, Andhra Pradesh.
The Indian Railway Catering and Tourism Corporation (IRCTC) awarded the contract for this plant to DSSL in the financial year 2024. After receiving necessary approvals from IRCTC, the plant began production of Rail Neer, a popular packaged drinking water brand. The plant is located in the Model Industrial Park, Mallavalli Vijayawada.
In summary, DSSL has successfully established a Rail Neer production facility through its subsidiary, Mehai Aqua Pvt Ltd. This plant is operational and contributes to the production of packaged drinking water for the Indian Railways.
Earlier, the company 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.
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On Thursday, shares of Dynamic Services & Security plunged 5 per cent to Rs 310.35 per share from its previous closing of Rs 326.25. The stock’s 52-week high is Rs 366 and its 52-week low is Rs 93.05.
Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. The company has a market cap of Rs 426.61 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 200 per cent from its 52-week low of Rs 93.05 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.