Multibagger stock engaged in the business of providing manpower, web development, digitalization, and other services hit a 5 percent upper circuit in the day’s trade upon signing an MoU to develop a 100 MW Solar Power Plant.
Price Action
With a market capitalization of Rs. 378 Crores, the shares of Dynamic Services and Security Limited hit a 5 percent upper circuit at Rs. 275.60 per equity share, from its previous day’s close price of Rs. 262.50. It has delivered a return of 521 percent in a year.
What Happened
Dynamic Services and Security Limited has entered into a Memorandum of Understanding (MoU) with Sungevity Enterprises Private Limited to develop a 100 MW Solar Power Plant in Manipur, India through Special Purpose Vehicle.
Dynamic Services and Security Limited through its Special Purpose vehicle (SPV) will acquire 400 acres of land for Rs. 2.5 Crores for the 100 MW Manipur solar project and it will own 85 percent of the equity in the SPV.
The Special Purpose vehicle (SPV) is expected to be set up shortly and the expected construction period of the the project shall be 18 months from the date of signing of the Power Purchase Agreement signed with the Government of Manipur
Also read
About the company
Dynamic Services and Security Limited is engaged in the business of providing Mechanized Cleaning, Conservancy, Housekeeping, Catering, Security & Man Power Supply, Web development, digitalization, and many more.
Financials and Ratios
Its Revenue from Operations grew by 42.83 percent from Rs. 73 Crores in FY23 to Rs. 104 Crores in FY24, accompanied by profits of Rs. 10 Crores to Rs. 9 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 15.5 percent and a return on capital employed (ROCE) of 20.8 percent. It has reported a debt-to-equity ratio of 0.32.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
