Battery company bags new order worth Rs 50,89,280 from RITES Limited
The stock is up by 50 per cent from its 52-week low of Rs 113.20 per share.
Dynamic Services & Security Limited's wholly-owned subsidiary, THE BHARAT BATTERY MFG CO PRIVATE LIMITED, has secured a work order from RITES Limited, a Public Sector Undertaking under the Ministry of Railways. The contract, valued at Rs 50,89,280, is for the domestic supply of Lead Acid Batteries with flexible copper braided interconnectors. The delivery of these batteries is slated for completion within three months, specifically from June 6, 2025, to September 4, 2025.
Earlier, the company secured a three-year contract, valued at Rs 20,27,52,163.6, by the Ministry of Railways, North East Frontier Railway. This domestic work order, effective from July 1, 2025, to July 1, 2028, tasks Dynamic Services & Security with the mechanised cleaning of Guwahati Railway Station and its circulating area. This significant contract underscores the company's role in maintaining cleanliness for a vital transportation hub.
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Dynamic Services and Security Ltd provides mechanised cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. Additionally, the company designs, engineers, manufactures, procurement & supplies, installs, testing & commissions solar plants and projects. The company has a market cap of over Rs 200 crore and reported amazing numbers in its half-yearly results & annual results.
The stock’s 52-week high is Rs 391.80 per share and its 52-week low is Rs 113.20 per share. The shares of the company have an ROE of 12 per cent and an ROCE of 21 per cent. The stock is up by 50 per cent from its 52-week low of Rs 113.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.