Multibagger stock below Rs 5: Micro-Cap company's shares surge following a blockbuster bulk deal!

The stock gave multibagger returns of 116.16 per cent from its 52-week low of Rs 1.30 per share.

Evexia Lifecare Limited (BSE Script Code: 524444) informed that LTS Investment Fund Ltd has brought a huge stake in the company via a bulk deal. LTS Investment Fund has brought 95 lakh shares aggregating to Rs 2.42 crore (average share price Rs 2.54 per share).   

(A stock market bulk transaction occurs when the total quantity of shares purchased or sold exceeds 0.50 per cent of the equity shares of a company listed on the exchange). 

Today, shares of Evexia Lifecare zoomed 3.32 per cent to Rs 2.81 per share from its previous closing of Rs 3.32. The stock gave multibagger returns of 116.16 per cent from its 52-week low of Rs 1.30 per share.  

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Evexia Lifecare Limited formerly known as Kavit Industries Limited is engaged in the trading of chemicals, agricultural produce and various other products of consumer goods. The company has also formed a new subsidiary firm to set up pathology labs in Africa.  

According to the financials, this FMCG company has a market cap of Rs 168 crore with a 1-year CAGR of 8 per cent. In Q3FY23, the net sales rose by 50 per cent and net profit skyrocketed by 161 per cent compared to Q3FY22. 

The stock gave returns of over 250 per cent over the period of 6 years whereas BSE FMCG Index is just up 40 per cent. Investors should keep an eye on this micro-cap stock under the radar.