Multibagger penny stock under Rs 20: Back-to-back upper circuit in this micro-cap stock; bags a new work order worth Rs 35 Lakhs!

Shares of the company have gained more than 350 per cent in the last six months.

Shares of Innovative Ideals and Services India Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 390 per cent. On Friday, the stock also made a fresh 52-week high at Rs 16.90.

Recently, Innovative Ideals and Services India Limited informed in the exchange filing that the company has bagged an order worth Rs 35 Lakhs. The contract is to lay FTTH in the prestigious project of BARC, Chembur. This project is awarded to us due to our past experience with Jio & Tataplay projects. The order is from Meditek Lifecare. The order would fall within the related party transaction and the same is carried at arm’s length.

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Innovative Ideals and Services India Ltd deals in Security Systems and Mobile Phones. It provides services of System Integration for security, safety building automation and installation of various electronics systems. It also provides a wide range of services with respect to security and electronic systems, such as Video Door Phones, Audio Door Phones, Access Controls, Home Automation Systems, Intrusion Alarm Systems, CCTV Systems, Fire Alarm Systems and Telecom Products.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.