1:1 Bonus Share & 48 per cent up from its 52-week low: LIC-backed multibagger penny stock at Rs 3.78 hit back-to-back upper circuits; PAT zooms over 700 per cent!

The stock is up by 48 per cent from its 52-week low of Rs 2.55 per share and gave multibagger returns of 320 per cent in just 2 years and a whopping 845 per cent in 5 years.

On Wednesday, both major Indian indices were trading in green, with the Sensex Index up by 0.21 per cent and the Nifty-50 Index up by 0.20 per cent. Along with the market in green, a remarkable multibagger from the FMCG sector, supported by the insurance giant Life Insurance Corporation (LIC) (owns 1.06 per cent); is locked in the 5 per cent upper circuit to Rs 3.78 per share from its previous closing of Rs 3.60. In the recent trading session, the stock has been hitting back-to-back upper circuits.

The stock name is Integra Essentia Ltd.

Integra Essentia, a diversified player in life essentials (food, clothing, infrastructure, and energy) with a market cap of Rs 287.93 crore, has strategically entered the promising beer & whiskey market by acquiring a majority stake in Brewtus Beverages. This move, involving subsidiary formation and initial growth investment, aligns with Integra Essentia's focus on expanding its lifestyle beverages business and capitalizing on market potential.

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According to Quarterly Results (Q4FY24), the net sales increased by 50.4 per cent to Rs 93.31 crore and net profit increased by 733.8 per cent to Rs 5.92 crore compared to Q3FY24. In its annual results, the net sales increased by 50.4 per cent to Rs 277.27 crore and net profit increased by 131.4 per cent to Rs 15.28 crore in FY24 compared to FY23.

The company in its board meeting held on January 13, 2024, considered and approved the allotment of 45,70,33,003 bonus equity shares to the existing shareholders in the ratio of 1:1, the same has been allocated to the shareholders on January 13, 2024. Expenses incurred with the Increase in authorised capital & bonus issue of Rs 90.25 lakh have been capitalised and adjusted from other equity during the year ended 31 March 2024.

The stock is up by 48 per cent from its 52-week low of Rs 2.55 per share and gave multibagger returns of 320 per cent in just 2 years and a whopping 845 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

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