Stock Market Trade, June 30 -- Small-cap multibagger stock - Remsons Industries - gained more than 6% in trade on Monday following a strategic business update.

Remson Industries informed the exchanges that it has signed a strategic agreement with a Brazilian automotive systems company. As per the release on the stock exchanges, Remsons Industries 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 ...