Multibagger Inflame Appliances up by 5 per cent, locks in the upper circuit!

The shares of Inflame Appliances are seen trading with gains of ~5 percent in Monday trading session even as BSE Sensex attempts to gain momentum after a ~4 per cent drop from its recent highs. 

Inflame Appliances share price is up by 4.99 per cent, trading at Rs 230.40 per share. The stock is now trading with a reduced lot size of 500 quantity. The lot size was 2000 quantity, now stands reduced to 500. This reduction in the lot size may improve the volume in the counter and attract fresh investors. 

The share price of Inflame Appliances is up by 123 per cent in one year while in 2021 alone the share price of Inflame Appliances is up by more than 60 per cent. From its recent highs the stock is down by ~21 per cent. 

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

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. Chimneys are presently manufactured mainly by Chinese companies and are imported in India by various brands or small traders for feeding the ever-growing demand of approximately 1.8 million annually. 

Inflame Appliances is one of the success stories of SME listing, now migrated to mainboard.