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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
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.
Related articles
-
Upper Circuit Multibagger Stock: Transformer Company Receives New Order of Worth Rs 8,56,00,000 from Renewable Power Project Company
-
Rs 2,361 crore order book: Vijay Kedia’s portfolio company bags Rs 1998.40 million orders from NHPC in Arunachal Pradesh
-
From Rs 1.10 to Rs 61.85 per share: An investment of Rs 1,00,000 turns Rs 56,22,722 in just 10 months; Hit upper circuit on June 27
-
Multibagger penny stock under Rs 20: Textile company receives order worth Rs 10.76 crore from Gawgee Brothers Wholesalers CO. LLC
-
Rs 7,237 crore order book: Railway wagons company bags international order of Rs 536,00,00,000 from CAMALCO SA, Cameroon