FIIs bought 2,88,000 shares: Multibagger penny stock below Rs 5 hit back-to-back upper circuits; Do you own it?
The stock is up by 31.35 per cent from its 52-week low of Rs 2.68 per share and gave multibagger returns of 1,114 per cent in 5 years.
On Wednesday, shares of Integra Essentia Ltd, a multibagger stock from the FMCG sector, hit a 5 per cent upper circuit to an intraday high of Rs 3.52 per share from its previous closing of Rs 3.36 per share. The shares of the company saw a spurt in volume by more than 1.35 times on BSE.
Integra Essentia Limited (IEL) is a multifaceted company dedicated to meeting the fundamental needs of contemporary life. Their operations span four key sectors: food, clothing, infrastructure, and energy. Within these sectors, IEL offers a diverse range of products and services, encompassing agro products, textiles and garments, construction materials, renewable energy equipment, and more. The company is committed to providing these essential goods and services at affordable prices to consumers. IEL has a particular focus on becoming a leader in the food industry. By investing heavily in this sector, they aim to meet the increasing demands of both society and
Order Bagged: Integra Essentia Limited secured Rs 280 million in orders from Sarveshwar Foods, Sarveshwar Overseas, Shree Arihant Agro Industries, Aayush International, Ssparsh Cashew Industries, and Desi Construction for its Agro and Infrastructure businesses. This underscores the company's reputation for quality and reliability, evident in repeat business. The spot orders, adhering to specific material standards, are due by October 2024. This significant win propels Integra Essentia Limited towards its financial goals, benefiting all stakeholders and reinforcing its commitment to excellence.
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Results: According to Quarterly Results (Q2FY25), the net sales increased by 96 per cent to Rs 131.10 crore compared to Rs 66.90 crore in Q2FY24. The company reported an operating profit of Rs 1.41 crore and a net profit of Rs 0.28 crore in Q2FY25. 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. In H1FY25, the company reported net sales of Rs 217.16 crore, operating profit of Rs 3.46 crore and net profit of Rs 2.73 crore.
In September 2024, FIIs bought 2,88,000 shares and increased their stake to 0.13 per cent compared to July 2024. The stock is up by 31.35 per cent from its 52-week low of Rs 2.68 per share and gave multibagger returns of 1,114 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.