Vijay Kedia gains Rs 32,12,98,994 from this multibagger micro-cap stock; Company bags new order worth Rs 36.53 crore from Information Technology Park Ltd!

The stock is up by 83 per cent and a whopping 260 per cent in 1 year.

Innovators Facade Systems Ltd informed that the company has bagged a new order worth Rs 36.53 crore from Information Technology Park Ltd. The order includes design, develop, supply, fabrication and installation of façade work in Bengaluru.

On Monday, shares of Innovators Facade Systems Ltd surged 0.51 per cent to Rs 218 per share from its previous closing of Rs 216.9. The stock’s 52-week high is Rs 288.5 and its 52-week low is Rs 58.2.

An ace investor, Vijay Kedia owns 20,10,632 shares or a 10.66 per cent stake in this company. His investment gave him multibagger returns of over 274.75 per cent in just 1 year (up by 159.8 points) from its 52-week low of Rs 58.2 per share.

Therefore, he gained Rs 32,12,98,994 from this multibagger stock in just 1 year (20,10,632 shares x Rs 159.8 per share).

Innovators Facade Systems Limited operates as a building finishing contractor. The company offers facade design, fabrication, and installation services. Innovators Facade Systems serves residential and commercial sectors in India.

The company has a market cap of over Rs 400 crore and debtor days have improved from 109 to 69.5 days. According to half-yearly results, net sales increased by 39 per cent to Rs 100 crore and net profit increased by 400 per cent to Rs 5 crore in H1FY24 compared to H1FY23. In FY23, net sales skyrocketed by 103.02 per cent and net profit skyrocketed by 426.64 per cent compared to FY22.

The stock is up by 83 per cent and a whopping 260 per cent in 1 year. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.