From Rs 2.89 to Rs 7.11 per share: LIC-backed multibagger penny stock hit upper circuit as it allotted bonus shares; turned Rs 1 lakh to Rs 2.46 lakh in just 1 month!
The stock gave multibagger returns of 840 per cent in just 2 years and a whopping 3,460 per cent in 3 years.
Today, both major Indian indices were in the green, with the Sensex Index rising by 0.80 per cent and the Nifty-50 by 0.75 per cent. Along with the market in green, a remarkable multibagger from the FMCG sector, supported by the insurance giant LIC, defied expectations. This particular penny stock witnessed an astonishing surge of 146 per cent within just one month, reaching its daily upper limit of Rs 7.11.
In another development, the Board of Directors, in their meeting held on January 13, 2024, approved the allotment of 45,70,33,003 Equity Shares of Rs 1 each through bonus shares. This allotment is for members whose names appeared in the Register of Members as of January 11, 2024, the record date fixed for this purpose. The bonus issue entails a 1:1 ratio, with one new fully paid-up equity share of Rs 1 each allotted for every existing fully paid-up equity share of Rs 1 each held.
Following this allotment, the company's issued, subscribed, and paid-up equity share capital will increase from Rs 45,70,33,003 to Rs 91,40,66,006. The new bonus equity shares will enjoy parity with the existing equity shares in all respects, and the necessary compliances for crediting these bonus equity shares in the demat accounts of shareholders will be completed in due course. The company's 1.06 per cent stake held by the insurance giant LIC, contributes to the overall positive sentiment surrounding the company.
If an investor had committed Rs 1 lakh just a month ago, the investment would have experienced a remarkable surge, yielding a substantial return of Rs 1.46 lakh or an impressive 146 per cent increase in that short span of time. This surge would have propelled the initial investment to a noteworthy Rs 2.46 lakh, showcasing the potential for significant gains within the span of just 1 month.
The multibagger penny stock name is Integra Essentia Ltd.
Integra Essentia, a diversified player in life essentials (food, clothing, infrastructure, and energy) with a market cap of Rs 649.90 crore, has strategically entered the promising beer & whiskey market by acquiring a majority stake in Brewtus Beverages. This move, involving subsidiary formation and initial growth investment, aligns with Integra Essentia's focus on expanding its lifestyle beverages business and capitalizing on market potential.
The company's consolidated financial performance improved significantly in Q2FY24 and H1FY24 compared to the same periods in the previous fiscal year. The company's revenue grew by 17.11 per cent in Q2FY24 and 7.79 per cent in H1FY24. EBITDA increased by 420.98 per cent in Q2FY24 and 407.23 per cent in H1FY24, and PAT increased by 248 per cent in Q2FY24 and 217 per cent in H1FY24.
The stock gave multibagger returns of 840 per cent in just 2 years and a whopping 3,460 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Related articles
-
Back-to-back upper circuits and 52-week highs in this multibagger penny stock after a 4:1 bonus share; order book stands over Rs 1,400 crore
-
4:1 Bonus Share: Multibagger penny stock under Rs 100 with Rs 1,440 crore order was locked in 20 per cent upper circuit on January 20
-
From Rs 7.58 to Rs 16.23 per share in less than 1 month: Heavy buying witnessed in this multibagger penny stock; hit back-to-back upper circuits & 52-week highs!
-
Heavy Buying: Multibagger penny stock under Rs 15 hits consecutive 13 upper circuits; PAT zooms 280 per cent!
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
978 per cent jump in net profit: Multibagger penny stock under Rs 50 hit upper circuit & 52-week high as it announces stellar quarterly results & stock split!
-
Multibagger penny stock under Rs 85: This electrical equipment company bags new orders worth Rs 7,40,00,000 from L&T, Tata Power and other clients!
-
Dolly Khanna gains Rs 39,00,673 from this multibagger penny stock in just 1 day; scrip hit upper circuit & 52-week high!
-
Multibagger penny stock under Rs 10 with 1,275 per cent returns: This micro-cap company reports a 246 per cent jump in net profit!
-
Multibagger penny stock under Rs 20: Board announced bonus shares; scrip hit back-to-back upper circuits & 52-week highs!
-
Multibagger stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on February 20
-
Double in just 1 month: Back-to-Back upper circuits & 52-week highs in this LIC-backed multibagger telecom infra stock at Rs 3.72
-
Turnaround story in this multibagger penny stock at Rs 13.12: Scrip hit back-to-back upper circuit as company reports 459 per cent jump in PAT
-
1:1 Bonus Share & 48 per cent up from its 52-week low: LIC-backed multibagger penny stock at Rs 3.78 hit back-to-back upper circuits; PAT zooms over 700 per cent!
-
Upper circuit & 52-week high alert: Promoter bought 40,00,000 shares and FIIs bought 95,00,000 shares of this multibagger penny stock at Rs 37 via preferential issue!
-
FIIs bought 8,90,00,000 shares of this multibagger penny stock at Rs 15 with 2,700 per cent returns via preferential issue; hit upper circuit & 52-week on February 27
-
All-time high multibagger penny stock at Rs 88 & FIIs bought 27,73,291 shares: Heavy buying witnessed in this pharma stock; hit 52-week high on February 24
-
Multibagger penny stock under Rs 5 with 7,625 per cent returns hit consecutive upper circuits; PAT zooms over 1,200 per cent!
-
10 per cent upper circuit & 52-week high alert: This multibagger telecom equipment company bags new order worth Rs 6,32,48,000 from AMSCL
-
Multibagger penny stock below Rs 7 & FIIs increase stake: This meters manufacturing company bags reputed orders for most advanced state-of-the-art ultrasonic gas meters