Multibagger alert: This micro-cap kitchen appliances company is up by more than 56 per cent in one month alone

On September 21,Inflame Appliances announced that it has received a trial order for 10,000 chimneys from Kaff Appliances.

Inflame Appliances continues its dream run on bourses as the stocks now trades higher by ~5 per cent on an intraday basis. The stock is locked in the upper circuit even as BSE Sensex head to make a fresh high for itself. BSE Sensex is up by more than 600 points on an intraday basis. 

Inflame Appliances shares are up by more than 56 per cent in one month alone while in 2021 itself the stock has gained by ~100 per cent. In one year, the shares of Inflame Appliances are up by 186.25 per cent. 

On September 21,Inflame Appliances announced that it has received a trial order for 10,000 chimneys from Kaff Appliances. Inflame Appliances Limited is a leading manufacturer of home and kitchen appliances. It is expected that the demand for the home and kitchen appliances will grow manifold over the years.

Looking at the high demand the company is slated to expand its manufacturing capabilities. The company also announced that it is talks with the Telengana Government for allotment of the land to augment its capacities meaningfully. The set in Telengana is expected to help the company capture the market in south and the neighbouring countries. 

Inflame is into manufacturing kitchen appliances such as chimneys, gas hobs and gas stoves. Here, the market for chimneys is the fastest growing in India among kitchen appliances with approximately 15 per cent year-on-year growth. This growth rate is expected to stay forth for the coming decade or so.