Stock Market Trade, June 30 -- Small-cap Multibagger stock gained more than 4% in the morning trades on Monday on this strategic agreement update. Here are the details about Remsons Industries business update.

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 collabo...