Multibagger penny stock under Rs 50: This micro-cap company bags multiple new orders worth Rs 4.02 crore!

Shares of the company gained more than 25 per cent in the last one year.

Syschem (India) Limited informed in the exchange filing that the company has received multiple orders worth Rs 4,02,94,050. The first order is from Pharmacare International for the supply of 250 KGS Cephalexin Monohydrate USP Comp, 175 KGS Cephalexin Monohydrate 1P Comp, and 275 KGS Cephalexin Monohydrate IP Comp. The second order is from Pharmacare International for the supply of Cephalexin Monohydrate IP Comp and 1000 KGS 25 Packings.

The third order is from Sunlovis Pharmaceuticals LLP for the supply of Cephalexin Monohydrate (Compacted) BP; 1325 KGS, 1450 KG, and 1AMOX02 Amoxicillin Trihydrate BP HSN/SAC. The fourth order is from Pharmacare International for the supply of Cefadroxil IP Comp Make of 3000 KGS, 25 Packings.

Syschem (India) Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 5.79 on August 21, 2020, to Rs 47.40 on August 18, 2023, an increase of about 700 per cent in three years holding period.

Syschem (India) Limited (SIL) is engaged in the manufacturing of Bulk Drugs, Intermediates, and contract manufacturing. The company is owned and operated by a highly committed group of techno-commercial with extensive experience in the bulk drug business. The company has a committed group of techno-commercial experts with extensive experience in the bulk drug industry.

Disclaimer: The article is for informational purposes only and not investment advice.