Shares below Rs 10: This multibagger textile stock delivered 127 per cent returns in just one month!
Given that the company's shares soared 325 per cent in just one year, an investment of Rs 1 lakh made in it last year would now be worth Rs 4.25 lakh!
The strength of the global markets was mirrored by the Indian benchmark indices as they started trading with a roar, following US Federal Reserve's hint that rate hikes may be slowed down. A boost from gains in IT and financial stocks pushed domestic indices to levels not seen in nearly two months.
On Thursday, the shares of Integra Essentia Ltd skyrocketed to a 52-week high of Rs 6.01 per share on BSE. Besides, its volume also spiked. Back-to-back upper circuits in this stock are drawing investors' attention. Given that the company's shares soared 325 per cent in just one year, an investment of Rs 1 lakh made in it last year would now be worth Rs 4.25 lakh! The stock climbed approximately 270 per cent over the past six months and has provided gains of more than 127 per cent in just one month!
The company’s primary business involves manufacturing garments. Its business recorded sales of Rs 68.53 crore along with an operating income of Rs 1.14 crore and a net profit of Rs 1.09 crore for FY22. Meanwhile, the market capitalisation for the company stood at Rs 229 crore.
We advise keeping a close eye on this stock, given the promising long-term outlook for the Indian textile industry and the capacity of the company to produce impressive returns.