Small-cap Multibagger stock Remsons Industries jumps 4% on this business update. Check details
Small-cap Multibagger stock Remson Industries informed the exchanges of having signed a strategic agreement with a Brazilian automotive systems company. As per the release on the National Stock Exchange of India Ltd. and the BSE, or Bombay Stock Exchange, Remsons Industries Limited said that the company and AUSUS Automotive Systems do Brasil LTDA incorporated in Brazil, are entering into a Strategic Technical License Agreement for Technology Transfer to Support Local OEMs in Brazil.
Under this agreement, Remsons India will collaborate with ASUS Brazil to license proprietary technologies, enabling the development and manufacturing of high-quality products tailored to the local market. This This agreement demonstrates Remsons India's commitment to promoting technical development and aiding in the expansion of Brazil's electronics and automotive sectors, as per the comapany.
The agreement will enable Technology Transfer: Enabling ASUS Brazil to acquire cutting-edge engineering and manufacturing technologies.
Remsons Industries Ltd is a provider of advanced engineering solutions and manufacturer of automotive components, while AUSUS Automotive Systems do Brasil LTDA, incorporated in Brazil, ia a prominent player in the technology and manufacturing sector.
Remsons Industries share price scaled intraday highs of ₹ 157 on the BSE on Monday, which translated into gains of more than 6% compared to previous trading sessions closing price of ₹ 147.25. Remsons Industries share price however gave up the gains with pressure on the markets on a day when the benchmark sensex was trading more than 300 points lower (or more than 0.3% lower)
The Remsons Industries share price that is up more than 946% in last 5 years has given multibagger returns to the investors .
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
Penny stock below ₹5 to be in focus after execution of orders worth nearly ₹300 crore
Penny stock: Spright Agro Ltd on Tuesday, 1 July 2025, announced that the company has successfully executed an agro supply order worth ₹ 299 crore for some Ahmedabad, Gujarat-based clients, according to an exchange filing. Spright Agro 'announced the successful execution of agro commodity supply orders worth Rs. 299 crores for clients based in Ahmedabad, Gujarat. This marks a significant milestone in the company's agri-trading operations,' said the company in the BSE filing. Highlighted its timely delivery of order supplies, the company also focused on its financial performance for the 2024-25 fiscal year. Spright Agro's revenue from core operations witnessed a 127% year-on-year (YoY) rise to ₹ 165.17 crore for the year ended 31 March 2025, compared to ₹ 72.58 crore in the previous financial year. Apart from the sales figures, the company's net profit also witnessed a 68.5% YoY rise to ₹ 19.58 crore in the financial year 2024-25, compared to ₹ 11.62 crore in the previous financial year. Currently, the company is focusing its efforts on scaling high-margin agri-trading operations and enhancing supply-side efficiencies, which has driven this strong profitability growth over the period. 'The company aims to create strong distribution networks, enabling it to deliver high-quality agricultural products to a broader customer base,' they said. Spright Agro shares closed 3.9% lower at ₹ 2.96 after Tuesday's stock market session, compared to ₹ 3.08 at the previous market close. The company announced the order execution update right before the stock market closed on 1 July 2025. The shares of the farming and agricultural trader hit their 52-week high level at ₹ 44.66 on 9 August 2024, while the 52-week low level was at ₹ 2.93 on 1 July 2025, according to data collected from BSE. The shares closed higher after hitting their year-low levels on Tuesday. Spright Agro shares have given stock market investors more than 1,641% returns on their investment in the last five years. However, the stock is down 88.49% in the last one-year period. On a year-to-date (YTD) basis, the stock has lost 80.95% in 2025. The company's market capitalisation (M-Cap) is at ₹ 317.17 crore as of the stock market close on Tuesday, 1 July 2025. Read all stories by Anubhav Mukherjee
Mint
2 hours ago
- Mint
Crizac IPO: Kolkata-based education platform raises ₹258 crore from anchor investors ahead of public issue
Crizac IPO: Kolkata-based education platform Crizac Limited completed its anchor round on Tuesday, 1 July 2025. The Crizac IPO raised ₹ 258 crore from anchor investors ahead of the initial public offering (IPO). According to the BSE filing, Crizac allocated a total of 1,05,30,612 or more than 1.05 crore equity shares to the anchor investors at an allotment price of ₹ 245 per share, with the face value of ₹ 2 apiece. Societe Generale, Pinebridge Global Funds, Shamyak Investment Private Limited, Aryabhata India Fund, ICICI Prudential MF, Allianz Global Investors Fund, Carnelian Bharat Amritkaal Fund, 360 One Equity Opportunity Fund, Motilal Oswal MF, Bandhan MF, Axis Max Life Insurance and Kotak Mahindra Life Insurance were the top anchor investors who booked the Crizac IPO. Shamyak Investment Private Limited at 13.95%, Aryabhata India Fund at 10.85%, ICICI Prudential MF at 8.14%, and Allianz Global Investors Fund at 8.14% were the top anchor allocations for the public issue. According to the BSE filing, a total of three domestic mutual funds applied to the IPO via a total of five schemes. As of Tuesday, 1 July 2025, the grey market premium (GMP) of the Crizac IPO stood at ₹ 12 per share. With the upper price band at ₹ 245 per share, the stocks are expected to be listed at ₹ 257 apiece, a listing premium of 4.9%, according to Investorgain data. Grey market premium (GMP) is an indicator of the investors' willingness to apply for a public issue. The GMP jumped to current level of ₹ 12 per share after the anchor round update on 1 July 2025. Crizac IPO is offering a book-built issue of a full offer-for-sale (OFS) component of equity shares up to ₹ 860 crore from the company promoters, Pinky Agarwal and Manish Agarwal. The company fixed the price band for the public issue in the range of ₹ 233 to ₹ 245 per equity share of face value of ₹ 2 apiece. The IPO has a lot size of 61 shares per lot. Crizac Ltd will not receive any proceeds of the public issue as the IPO only has an offer-for-sale component from the company. The company has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Equirus Capital Private Limited is the book-running lead manager for the public issue, while MUFG Intime India Private Limited (formerly Link Intime) is the registrar to the offer. Read all stories by Anubhav Mukherjee
Time of India
3 hours ago
- Time of India
Kalpataru shares make flat market debut; later surges over 9%
NEW DELHI: Shares of real estate developer Kalpataru Ltd on Tuesday made a flat market debut against the issue price of Rs 414, but later bounced back and jumped over 9 per cent. The stock started trading at Rs 414.10 on the BSE . But, it later gathered momentum and climbed 9.42 per cent to Rs 453 against the issue price. At the NSE , the stock got listed at par with the issue price of Rs 414. Later, it surged 9.37 per cent to Rs 452.80 apiece. The company commanded a market valuation of Rs 9,121.99 crore during early trade. The initial public offering of Kalpataru Ltd garnered 2.26 times subscription on the closing day of bidding on Thursday last week. The company had fixed a price band of Rs 387-414 per share for its IPO. Its IPO was entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer-for-sale (OFS) component. The company proposes to utilise funds for the payment of debt and general corporate purposes. Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also in the redevelopment of societies. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra.
