During a recent conference call, the company shared its ambitious plans to expand its store count from the current 36 to 100 within the next two to two and a half years. The expansion strategy encompasses Tier 2 and Tier 3 cities, reflecting the company's belief in the broadening growth landscape of India beyond metropolitan areas

India Inflection Opportunity Fund invested Rs 45 crores. The EPC industry will be critical for India's ambitious plan of becoming the 3rd largest economy with a GDP of approximately UDS 8 trillion

Delving into the broader market narrative, the Nifty Small-cap index stole the spotlight by outperforming its counterparts, closing the day with a 0.50 per cent gain. However, the true star of the show was Emmbi Industries Ltd, a stock that soared to new heights, literally and figuratively, hitting an upper circuit of almost 20 per cent.

The stock has recorded a resolute breakout from a 24-week-long consolidation, with a depth of nearly 28 per cent. The breakout is supported by strong volumes. The company boasts marquee clients such as Tata Steel, Jindal Steel & Power, Mukand, SAIL, Usha Martin. 

Consolidated Revenue from Operations witnessed a remarkable surge of 260 per cent YoY, escalating from Rs. 109.48 crore in Q3FY23 to Rs. 395.15 crore in Q3FY24. This impressive growth was primarily fueled by expansion into Africa and the appointment of a new distributor for its VoIP services in Latin America.

The stock experienced a remarkable surge of over 15 per cent in the initial trading hour. The structure closely resembles one. Significantly, the breakout is supported by robust volume, indicating broader market participation in the direction of the trend.

This small-cap stock has demonstrated remarkable multibagger returns, surging by 591.16 per cent in the past year. Consequently, it is advisable to monitor this stock closely for potential opportunities.

Dilip Shantilal Shanghvi, holding 9.60 percent shares of the company (equivalent to 230,285,690 shares), witnessed a substantial gain. With the stock rising by Rs 52.15 per share, the single-day trading session resulted in Dilip Shanghvi making an impressive Rs 12,00,93,98,734 (Rs 1200 crore). 

NSE Investments holding a substantial 20.36 per cent stake in the stock. The company has adapted to technological advancements through continuous investments and possesses domain knowledge across various industries, enabling the development of functionalities tailored to the specific needs of end-users, businesses, and public entities.

The subsidiary, NuRe Bharat Network Limited, a joint venture with RailTel, has successfully implemented the technology required to monetize the WiFi platform through advertisements. By targeting large public sector companies, existing enterprise customers, and individual retailers, the company is gaining traction rapidly. Advanced discussions with large PSUs are underway, and deals are expected to be announced soon.