Multibagger stock below Rs 5 moves dramatically; locked up at an upper circuit with revised price band!

The stock has witnessed significant buying activity as it has given multibagger returns of more than 830 per cent in just three years.  

The Indian Infotech and Software Limited offers financial services to industrial organisations and supports businesses engaged in manufacturing and selling. It makes money by charging interest on loans made by the company.   

The price band has been revised for Indian Infotech and Software company by 10 per cent. As per revised price band, the upper band and lower band is at Rs 2.09 per share and Rs 1.71 per share, respectively on BSE.   

Financial Highlights for FY23 (consolidated):        

• Total sales stood at Rs 47.06 crore, a decline of 15.03 per cent over FY22, on YoY basis.       
• EBITDA (operating profit) stood at Rs 0.78 crore, showed an impressive jump by 81.39 per cent over FY22.       
• The profit before tax stood at Rs 0.78 crore, growth of 81.39 per cent over FY22.     
• The net profit reported Rs 0.61 crore, surged by 90.62 per cent, compared to FY22.  

On June 23, 2023, the shares of Indian Infotech and Software Limited plunged 6.84 per cent, currently the stock is trading at Rs 1.77 per share on BSE. The stock touched upper circuit of Rs 2.09 per share on BSE. The scrip witnessed massive spurt in volume by more than 4.77 times.  

The stock has witnessed significant buying activity as it has given multibagger returns of more than 830 per cent in just three years. Investors should keep a close eye on this micro-cap multibagger investment company stock.