Back-to-Back Upper Circuits in this LIC-backed Multibagger Penny Stock at Rs 3.92
The stock of Integra Essentia Ltd has seen a significant increase of 57 per cent from its 52-week low of Rs 2.50 per share. In just 3 years, it has provided multibagger returns of 545 per cent and a whopping 1,000 per cent in 5 years.
Integra Essentia Ltd, a multibagger stock from the FMCG sector, has been performing well in the market. Supported by the insurance giant Life Insurance Corporation (LIC), the company’s shares were locked in a 5 per cent upper circuit to Rs 3.92 per share. The stock has been hitting consecutive upper circuits in recent trading sessions.
The company is raising Rs 50 crore through a rights issue, offering 1,52,634,538 new shares at Rs 3.25 each. Existing shareholders who held at least 20 shares on June 1, 2024, will have the opportunity to buy additional shares at a ratio of 20:119. The rights issue window is open from June 11 to June 25, 2024, with a potential extension.
Integra Essentia recently secured a significant order to supply rice to the ITC Group’s Agri Division. This order, valued at approximately Rs 14.25 million, comes with specific quality requirements and a tight delivery window of 15 days. This partnership with ITC Group could be a major opportunity for the company.
Integra Essentia Limited is a diversified company providing essential goods and services across various sectors. The company aims to be a leading player in Food Essentials and other segments by offering products at a reasonable cost. In its recent quarterly and annual results, the company showed significant growth in net sales and net profit.
Investors should pay attention to the performance of Integra Essentia Ltd as it continues to show growth potential. The stock has delivered impressive returns over the years and could be a promising investment opportunity.
Disclaimer: The article is for informational purposes only and not investment advice.