FIIs bought 2,88,000 shares: Multibagger penny stock below Rs 5 hit the upper circuit with heavy volume on January 05
The stock has delivered multibagger returns of over 1,200 per cent in the past five years and is currently trading 11.22 per cent above its 52-week low.
Shares of Integra Essentia Ltd (IEL), a multibagger stock from the FMCG sector, surged 5 per cent on Wednesday, hitting an intraday high of Rs 3.17 per share. Trading volume also saw a significant increase.
Company Overview
IEL is a diversified company operating across four key sectors: food, clothing, infrastructure, and energy. The company offers a wide range of products and services, including agro products, textiles, construction materials, and renewable energy solutions. IEL is committed to providing essential goods and services at affordable prices to consumers and aims to become a leader in the food industry.
Recent Orders and Financial Performance
IEL recently secured Rs 280 million in orders from several companies for its Agro and Infrastructure businesses. This significant order win highlights the company's strong reputation for quality and reliability.
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Financially, IEL has shown strong growth. In Q2FY25, net sales surged by 96 per cent to Rs 131.10 crore compared to the same period last year. Net profit for the quarter was Rs 0.28 crore. For the full year FY24, net sales increased by 50.4 per cent to Rs 277.27 crore, and net profit surged by 131.4 per cent. In H1FY25, the company reported net sales of Rs 217.16 crore and net profit of Rs 2.73 crore.
Other Updates
In September 2024, Foreign Institutional Investors (FIIs) increased their stake in IEL. The stock has delivered multibagger returns of over 1,200 per cent in the past five years and is currently trading 11.22 per cent above its 52-week low.
Disclaimer: The article is for informational purposes only and not investment advice.