Only Buyers: Shares of this multibagger penny stock soared following news of a net profit growth of over 300 per cent!

Shares have delivered multibagger returns of around 425 per cent over the last year!

Investors were drawn to the Small-Cap company Integra Essentia Ltd thanks to its back-to-back upper circuits. On an intraday basis on Monday, shares of Integra Essentia Ltd surged and locked at a 5 per cent upper circuit at Rs 8.41 per share on the BSE. 

The robust quarter performance, that the company recently reported is one of the drivers of this rally. Taking into account the company’s quarterly performance, on a consolidated basis, it reported an outstanding growth of 239.40 per cent from Rs 17.99 crore registered in Q3FY22, recording total revenue of Rs 61.05 crore in Q3FY23. It has reported strong EBITDA growth of 178.68 per cent. When comparing the net profit for the third quarter of FY23 to the same quarter last year, it is found to have soared by a significant 319.10 per cent from Rs 0.53 crore to Rs 2.24 crore. 

Shares have delivered multibagger returns of around 425 per cent over the last year, implying that an investment of Rs 1 lakh made in this stock a year ago is now worth more than Rs 5.25 lakh! 

It is a Delhi-based company that deals in a variety of products as well as services necessary to sustain modern life, including food (agro products), clothing (textiles & garments), infrastructure (materials & services for construction and infrastructure development), energy (products & services for renewable energy equipment and projects) etc.   

Keep a close eye on this scrip for the upcoming sessions!