FIIs bought 1,07,00,000 shares: Multibagger penny stock under Rs 5 hit upper circuit & 52-week high on September 17; Detail inside!

FIIs bought 1,07,00,000 shares: Multibagger penny stock under Rs 5 hit upper circuit & 52-week high on September 17; Detail inside!

Kiran Shroff

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.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

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. 

Also Read: Defence company bags new order worth Rs 4.20 crore from Economic Explosives Ltd & DRDO & lowest bidder (L1) for an order worth Rs 72.26 crore from Munitions India Ltd

Previous Article Dark Horse Stock of the Day: This Low-Price Steel Stock Hits Upper Circuit - FY24 Profits Surge by 133 Per Cent!
Next Article Sensex and Nifty gain slightly amid broader declines and mixed sector performance
Rate this article:
3.5

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR