Multibagger Penny Stock:A stock of just 50 paise has made its investors rich by giving 1222% returns so far. Upper circuit is installed in it for 3 consecutive sessions. We are talking about Vama Industries. This penny stock opened today with an upper circuit of 10 percent. Now it has reached Rs 6.61. Today the shares of Vama Industries are Rs. 74.32 crore is on the upper circuit after receiving orders.
Contents
Reason for the stock to rise
The company received Rs. After receiving supply orders worth 74.32 crore, the share of Vama Industries was at 10 percent upper circuit. Purchase orders for 4,744,580 shares were outstanding. There were no sellers of WAMA shares. Everyone was a buyer today.
If we talk about the stock price history of Vama, on February 21, 2024 it was Rs. 7.2 to a 52-week high and on October 26, 2023 Rs. 4 hit a 52-week low. The stock is currently trading 8.19 percent below its 52-week high and 65.25 percent above the 52-week low. In the last three days, the share price has jumped nearly 40 percent. It has returned 26 percent in one month and 38 percent in 6 months. On 6 February 2004, the price per share was 50 paise.
74.32 crore supply order
Let us tell you that the company has received a supply order of Rs 74.32 crore from Newsspace India Limited. The order involves the supply of Hierarchical Storage Management (HSM) systems and servers for the Central Archival Facility (CAF) solution on a turn-key basis. Under this order, installation and commissioning including data migration is to be done within 24 weeks, while training, warranty and support services are for a period of 7 years after installation.
What does the company do?
Vama Industries Limited mainly deals in IT and ITES. The company is engaged in system study, analysis design, development and business of all types of software systems for use in government, industry, business or other fields of activity.