2,500 per cent returns in this multibagger stock; Board announced rights issue!

The stock has a PE multiple of 37.50 and an ROE of 224 per cent

One of the Top Gainers on BSE today, shares of Integrated Technologies Ltd surged and reached an upper price band of Rs 106.90 per share, after being locked in the 5 per cent upper circuit. The company's stock price has risen significantly in recent trading, with back-to-back upper circuits.

The Board of Directors of Integrated Technologies Ltd announced fundraising of an amount not exceeding Rs 125 crore through a rights issue to the eligible equity shareholders of the company as on Record date (to be notified subsequently), for the purpose of:

1) Induction up to an amount of Rs 105 crore in a subsidiary company, Nurture Well Foods Private Limited by way of investment in equity shares and unsecured loan.

2) General corporate purpose to the extent of Rs 20 crore.

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Integrated Technologies Ltd designs and manufactures printed circuit boards (PCB). The company produces single and double-sided and multilayer PCBs. Integrated Technologies markets its products in India.

Talking about the financials, Integrated Technologies has a market cap of Rs 51.11 crore with a 3-year CAGR of 466 per cent. The stock has a PE multiple of 37.50 and an ROE of 224 per cent respectively. The company reported positive numbers in its annual results. The company is almost debt free.

The stock gave multibagger returns of 2526.54 per cent in just 6 months whereas BSE Information Technology Index is down by 4.85 per cent. Investors should keep a micro-cap stock.