Multibagger stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on February 20
In just 1 year, the stock gave multibagger returns of 373.13 per cent whereas BSE FMCG Index only rose 23.69 per cent.
On Monday, one of the gainers on BSE, shares of Integra Essentia Ltd surged and reached an upper price band of Rs 7.57 per share, after being locked in the 5 per cent upper circuit. The stock has a 52-week high of Rs 9.35 and a 52-week low of Rs 1.60.
The firm's stock price has dramatically grown today as a result of its new announcement regarding a strategic purchase of assets including land, building, plant and machinery of CHATEAU INDAGE Winery for Rs 400 million, as a part of its pre-defined long-term business growth strategy and to strengthen its presence in the entire supply chain spectrum of consumable goods.
Integra Essentia Limited manufactures textile products. The company produces basic woven shirts and dresses for men and women. The company is the business of life essentials viz., food, clothing, infrastructure and energy. Today, shares of the company saw a spurt in volume by more than 1.44 times on BSE.
According to the financials, the firm reported significant Quarterly Results (Q3). The net sales skyrocketed 239.36 per cent and the net profit skyrocketed 298.12 per cent in Q3FY23 over Q3FY22. The company has a market cap of Rs 346 crore with a CAGR of 367 per cent in just 1 year.
In just 1 year, the stock gave multibagger returns of 373.13 per cent whereas BSE FMCG Index only rose 23.69 per cent. Investors should keep an eye on this Small-Cap FMCG stock.