Multibagger Security Solutions Provider Company Bags New Orders Worth Rs 4,75,26,084 From South East Central Railway
The stock gave multibagger returns of over 240 per cent from its 52-week low of Rs 93.05 per share.
Dynamic Services & Security Ltd (DSSL) has secured significant orders from South East Central Railway for providing various services related to sand supply and locomotive sander repairs. The first order, valued at Rs. 1,35,75,635, involves the supply and filling of 16,787 polythene bags of silica sand, as well as the repairing of locomotive sanders at the BJRI SDL filling point. The second order, worth Rs. 3,39,50,449, includes the supply and filling of 28,608 polythene bags of dry and screened river sand, 14,304 polythene bags of silica sand, and the repairing of locomotive sanders at the BSP filling point. Both orders are domestic in nature and are scheduled to be executed over a period of two years, commencing on October 25, 2024.
Earlier, DSSL successfully expanded its operations with the recent establishment of a Rail Neer plant through its subsidiary, Mehai Aqua Pvt Ltd. The plant, located in Vijayawada, Andhra Pradesh, began production after securing a contract from IRCTC. DSSL's subsidiary, Mehai Technology Limited, also holds a stake in Mehai Aqua Pvt Ltd. In addition to this expansion, DSSL has entered into a strategic acquisition of Bharat Battery MFG Co Private Limited. This acquisition, valued at Rs 45 crore, will provide DSSL with access to Bharat Battery's expertise in manufacturing lead-acid batteries for various applications, including railway, defence, and telecommunication.
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On Friday, shares of Dynamic Services & Security gained 2.01 per cent to Rs 316.60 per share from its previous closing of Rs 310.35. 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 426.13 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 240 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.
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