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DailyBubble News

Multibagger Penny Stock Under Rs 5 Hits Upper Circuit Today; Keep it on Radar

Ishan International Limited, established in 1995, specializes in contracting and building projects related to various industries such as sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems. The company’s shares have shown remarkable growth, delivering a return of approximately 220 percent to its shareholders in just one year.

On the trading front, Ishan International Limited’s stock opened at Rs 2.65 per share at the beginning of the day’s session, up from the previous day’s closing price of Rs 2.55 per share on the NSE. By the end of the day, the stock closed at Rs 2.65, marking a surge of 3.92 percent. The company also hit the upper circuit during the day. Currently, the market capitalization of Ishan International Limited is Rs 57.30 crore, with the stock showcasing a multibagger return of around 220 percent in the span of one year.

In January 2024, the company announced a 2:1 bonus share and underwent a 10:1 stock split. According to the Quarterly Results, in the September quarter of FY24, Ishan International Limited recorded a revenue of Rs 9.01 crore. The operating loss for the quarter was Rs 0.43 crore, while the net profit stood at Rs 0.02 crore. Looking at the annual performance, the company generated a revenue of Rs 35.70 crore in FY23, up from Rs 21.12 crore in FY22. The operating profit for FY23 was Rs 1.26 crore, with a net profit of Rs 0.52 crore.

In terms of shareholding pattern, the promoters hold 66.81 percent of the company, while the remaining 33.19 percent is owned by public or retail investors. Investors are advised to keep an eye on this micro-cap multibagger stock.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as investment advice.

DSIJ’s ‘Penny Pick’ service offers research-backed penny stock recommendations priced below Rs. 100. If you are interested, you can download the service details for more information.

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