Multibagger Penny Stock: The Indian stock market has produced a good number of multibagger stocks over the past year, despite concerns about a slowdown in the global economy and inflation. It also includes some penny stocks. Integra Essentia Share is one of those multibagger penny stocks that has been consistently delivering great returns to TIS shareholders and has also seen a huge jump in its trading volume recently. The multibagger penny stock has hit the upper circuit in all four sessions this week, giving its shareholders more than 23 percent weekly gains.
Integra Essentia share price today opened with an upside margin and reached its intraday high The stock closed at the level of 8.05 in the upper circuit within an hour of the opening bell of the market. The stock has been on an uptrend for the past six months and has rallied from 6.75 per share to 8.05 levels in the last four sessions, hitting the upper circuit in all four sessions this week. The stock market remained closed on Monday on the occasion of Independence Day.
Over the past month, this penny has grown from stocks from 4.25 8.05 level, registering an increase of about 90 percent in this time. In the last six months, it multibagger penny stock has grown from 1.67 per share level to 8.05 levels, registering a growth of about 380 per cent during this period. This penny stock is available for trading on both NSE and BSE and its current market cap is 310 crores. Its current trading volume is around 20,61,000 or 20.61 lakhs. Its 52 week high on NSE 8.05, which means the stock has been climbing to a lifetime high for the past four sessions. Integra Essentia shares hit 52-week low on NSE 1.67.
The Delhi-based small-cap company engaged in the business of Life Essentials recently informed the Indian stock exchanges that it has received a price order. As for the supply of 11 premium dry fruits, the supply of these orders will be completed in the next few fortnights, which will help the company to exceed the targeted sales for the second quarter of the current financial year.
Integra Essentia Limited had recently announced to acquire an operational rice processing facility with substantial stake through a joint venture agreement with existing stakeholders. Located in the rice bowl of North India, this rice manufacturing unit has an installed capacity of 21000 metric tonnes of export quality rice per annum. The company is targeting backward integration and deeper penetration in the supply chain of essential commodities of life through acquisitions and joint ventures, better control over quality with better economies and will be in a strong position to tap the potential in the domestic market . in international markets as well.
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