FIIs bought 1,07,00,000 shares: Multibagger penny stock under Rs 5 hit upper circuit & 52-week high on September 17; Detail inside!
The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 1.55 per share.
Today, shares of Evexia Lifecare Ltd zoomed 5 per cent upper circuit to Rs 3.72 per share from its previous closing of Rs 3.55 with 73 lakh shares changing hands on BSE. The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 1.55 per share.
Evexia Lifecare Limited informed that a meeting of the Board of Directors of the company was held on September 16, 2024, and in the said meeting the Board decided the following matters: Evaluated the various options available to the company to raise funds and thereafter the board decided to differ the fundraising exercise to further explore the options with prospective investors and also to re-evaluate the available options.
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Evexia Lifecare Limited formerly known as Kavit Industries Limited is engaged in the trading of chemicals, agricultural produce and various other products of consumer goods. The company has also formed a new subsidiary firm to set up pathology labs in Africa.
According to the financials, this FMCG company has a market cap of over Rs 400 crore and reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24). In Q1FY25, FIIs bought 1,07,00,000 shares or 1.03 per cent stake in the company. Investors should keep an eye on this micro-cap stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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