1,000 per cent returns: This multibagger micro-cap stock hits 20 per cent upper circuit on capacity expansion announcement worth Rs 21,83,00,000

The stock gave multibagger returns of 316 per cent in just 1 year and over 1,000 per cent in 3 years.

Integra Engineering India Ltd announced that it is expanding its existing capacity of 178,313 square feet by adding 75,180 square feet. The expansion is expected to be completed between April and June 2024 and will require an investment of Rs 21,83,00,000.

The proposed addition in the capacity is expected to enhance the production and other facilities at the factory as well as revamp of office building in a phased manner. This would help the company in accepting multiple orders in future and thereby generating extra revenue.

On Friday, one of the Top Gainers on BSE, shares of Integra Engineering Ltd gained 20 per cent upper circuit to Rs 269.50 per share from its previous closing of Rs 224.60. The shares of the company saw a spurt in volume by more than 6.53 times on BSE.

Incorporated in 1987, Integra Engineering India Limited (IEIL) manufactures specialized products for its core sectors in power and transport. The products in transport primarily cater to Indian Railways, both in Railway signalling & control and rolling stock. In addition to that, the company manufactures standard industrial enclosures for various segments. IEIL is a subsidiary of Integra Holding AG, Switzerland. The company has a market cap of over Rs 900 crore.

The shares of the company have an ROE of 28 per cent and an ROCE of 24.4 per cent. The stock gave multibagger returns of 316 per cent in just 1 year and over 1,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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