Under the agreement, Akums will receive an upfront payment of EUR 100 million (Rs 880 crore) to fund product development and secure European regulatory approvals for its oral liquid manufacturing facility.

The stock gave multibagger returns of 1,425 per cent from its 52-week low of Rs 39.65 per share.

The company’s shares have delivered an impressive return of over 130 per cent to its shareholders in just 1 year.

This is single-digit PE micro-cap stock trading at Rs 295 with market capitalization of Rs 265. The stock is trading at a discount to its book value of 0.88, is expected to have a good quarter, and has delivered strong profit growth of 30.4 per cent CAGR over the last 5 years.

Reliance and Viacom18 announced a strategic partnership with Bodhi Tree Systems, which is a platform of James Murdoch’s Lupa Systems and Uday Shankar, to form one of the largest TV and digital streaming companies in India.