Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports a 488 per cent jump in net profit!

Shares of the company have gained about 180 per cent in the last six months.

Shares of Innovators Facade Systems Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The company has delivered impressive Half-yearly Results. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit.

The company posted strong half-yearly results. The revenue of the company for H2FY23 stood at Rs 109.10 crore which grew by 84.3 per cent YoY. The operating profit of the company stood at Rs 11.38 crore, while the PAT of the company stood at Rs 7.26 crore, representing an impressive growth of 488.89 per cent YoY.

Innovators Facade Systems Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 58.50 on September 05, 2022, to Rs 256.05 on September 02, 2023, an increase of about 330 per cent in one year holding period.

Innovators Facade Systems Limited (IFSL), incorporated in 1999, is an Aluminium Facade contractor for designing, engineering, fabrication and installation of all types of facade systems. The product line of the company includes glazing/curtain walls, high-end doors and windows, skylights, canopies, louvre, stone cladding, metal cladding and roofing. The fabrication and glazing facilities are situated at Wada, Thane in Maharashtra spread over an area of 1.25 lakh square feet.

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.