Inflame Appliances hits all time high; do you own it yet?

The shares of multibagger Inflame Appliances hit all time high on Friday after it touched Rs 393 per share.  

The shares have been outperforming markets and were seen locked in the upper circuit in Thursday trading session. Inflame Appliances shares are up on Friday as the company announced on BSE that the company has received the first polit order for supply of Chimneys from “WONDERCHEF”. The material according to the company declaration is scheduled to be supplied within December 2021.

Inflame Appliances shares have risen by more then 23 per cent in one month alone. In over one year Inflame Appliances has turned out to be a multibagger as the stock has jumped higher by more than 183 per cent.

Inflame Appliances is one of the leading manufacturers of home and kitchen appliances in India. In order to cater to the rising demand for its products Inflame Appliances is in discussion with the government of Telegana for allotment of land. Inflame Appliances is in process to set up a factory to cater to the market in south India and to export the produce to the neighbouring countries.