FIIs bought 2,88,000 shares: Multibagger penny stock below Rs 5 hit upper circuit on December 09; Rockets 1,000 per cent in 5 years!
The stock is up by 19.40 per cent from its 52-week low of Rs 2.68 per share and gave multibagger returns of over 1,000 per cent in 5 years.
On Monday, 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 3.20 per share from its previous closing of Rs 3.05 per share.
Integra Essentia Limited (IEL) is a multifaceted company that caters to the essential needs of modern life. Their business spans across four core sectors: food, clothing, infrastructure, and energy. Within these sectors, IEL offers a wide range of products and services, including agro products, textiles and garments, construction materials, renewable energy equipment, and more. They are committed to providing these essentials at an affordable cost to the end user. IEL is particularly focused on establishing itself as a leader in the food industry. They are investing heavily in this sector to ensure they can meet the growing demands of society and the nation.
Order Bagged: Integra Essentia Limited has secured substantial orders worth Rs 280 million from domestic entities Sarveshwar Foods Limited, Sarveshwar Overseas Limited, Shree Arihant Agro Industries, Aayush International, Ssparsh Cashew Industries Private Limited, and Desi Construction Pvt Ltd for its Agro and Infrastructure businesses. This achievement underscores the company's reputation for quality and reliability, evident in the repeat business from valued clients. The orders, classified as spot orders, require adherence to specified material standards and are scheduled for completion by October 2024. This significant business win propels Integra Essentia Limited towards its financial goals, benefiting all stakeholders while reinforcing the company's commitment to excellence in service and product delivery.
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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 19.40 per cent from its 52-week low of Rs 2.68 per share and gave multibagger returns of over 1,000 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.