FIIs bought 1,07,00,000 shares: Multibagger penny stock under Rs 5 in green as Board to consider raising of funds via preferential issue on September 16

The stock gave multibagger returns of 128.4 per cent from its 52-week low of Rs 1.55 per share.

Evexia Lifecare Limited informed that the Meeting of the Board of Directors of the company will be held on Monday, September 16, 2024, inter-alia to consider raising of funds by way of the issue of convertible equity warrants and/or equity shares on a preferential basis subject to such approvals as may be required including approval of the members and other statutory/regulatory approvals, as applicable.

Today, shares of Evexia Lifecare zoomed 2.02 per cent to Rs 3.53 per share from its previous closing of Rs 3.46 with 21 lakh shares changed hands on BSE. The stock gave multibagger returns of 128.4 per cent from its 52-week low of Rs 1.55 per share.

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 over Rs 390 crore and reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24). In Q1FY25, FIIs bought 1,07,00,000 shares or 1.03 per cent stake in the company. Investors should keep an eye on this micro-cap stock under the radar.

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

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