Multibagger stock: Leading fintech company MOS Utility Limited has given excellent returns to its investors in a short period of time. The company’s shares have seen a strong rise recently. This stock has lost about 25 percent in the last 6 trading days. The company has partnered with Rhiti Sports Group through its subsidiary MOS LOG Connect, due to which this stock is in focus.
Today, on January 22, this stock closed at Rs 308.15 with a decline of 2 percent. The market cap of the company is Rs 768.39 crore. The stock’s 52-week high is Rs 374.95 and 52-week low is Rs 119.15.
MOS Utility partners with Rhiti Sports Group
MOS Utility, through its subsidiary MOS LOG Connect, has partnered with Spacemantra Solutions of Rhiti Sports Group, which aims to disrupt online Lotto ticket sales in India. Under this partnership, MOS Utility will act as a master marketing agent. The company will ensure secure and simple access using its network and technology. This initiative supports the “Digital India” vision, creates jobs and increases transparency across the country.
Another news is that Foreign Institutional Investor (FII) Albula Investment Fund has bought 2.2 lakh shares of the company at an average price of Rs 306.99 per share. Meanwhile, another FII Minerva Ventures Fund sold the same number of shares at Rs 307 per share, indicating a reshuffle in stake.
Strong return of 305% in 21 months
The IPO of MOS Utility came at a price of just Rs 76 per share. Its shares were listed on the NSE SME platform on 18 April 2023. The investors who had invested money in its IPO and have not sold its shares till date, are sitting on a profit of about 305 percent after 21 months. Its shares were listed at a price of Rs 90 and at this price till now it has given a strong return of about 242 percent to the investors.
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