1:1 Bonus Share: LIC-Backed Penny Stock Zooms 124% In 1-Month, Hits Lower Circuit

Small cap company Integra Essentia Ltd shares hit lower circuit in trade today. Last trading price of Integra Essentia shares on BSE is Rs 7.10 apiece with intraday fall of 1.93%. Integra Essentia shares soared 92% year-to-date and gained 124% in last 1-month only. It declared bonus share in the ratio of 1:1 and fixed the ex-bonus date as January 11, 2024. Today, the bonus shares of Integra Essentia were listed. As per the BSE circular of Integra Essentia, trading members of the Exchange are hereby informed that the new securities of Integra Essentia are listed and permitted to trade on the Exchange with effect from Wednesday, January 24, 2024.

LIC Has Stake In Integra Essentia: According to data available on BSE, Life Insurance Corporation of India (LIC) already has 1.06% stake in Integra and owns 48,59,916 equity shares as on December 31, 2023. LIC has been maintaining itsholding in the company without changing its since September 2023 quarter as it remains bullish on Integra.

Integra Essentia Shares Traded Ex-Bonus: The small cap company earlier last year on December 30 announced the record date as January 11, 2024 for 1:1 bonus share. Earlier, the Board of Directors of Integra Essentia gave nod to bonus issue in the ratio of 1:1 on November 27, 2023, showed the regulatory filing.

Integra Essentia Stock Performance & Return: The 52-week high price is quoted at Rs 7.83 per share and 52-week low price is quoted at Rs 2.55 per share, respectively. Integra Essentia shares soared 138% in last 3-months only, soared 150% in last 6-months, offered attractive return 787% in last 2-years, and jumped 3450% in last 3-years. In last 5-years, Integra Essentia shares zoomed 1477%.

Integra Essentia Financial Results: It announced its revenue from operations for the quarter ended September 30, 2023 soared by 17.11% from Rs. 5712.55 lakhs to Rs 6689.71 lakhs. It announced its PAT soared 248.71% from Rs 215.88 lakhs in Q2 FY 23 to Rs 752.79 Lakhs in Q2 FY24. The company's PAT margins surged from 3.63% in Q2 FY23 to 10.07% in Q2 FY24 by 644 bps. Its EBITDA soared 420.98% from Rs 211.11 lakhs in Q2 FY23 to Rs 1099.84 lakhs in Q2 FY24.

About: IEL is a company engaged in business of Life Essentials i.e. Food (Agro Products), Clothing (Textiles and Garments), Infrastructure (Materials and Services for Construction and Infrastructure Development) and Energy (Materials, Products and Services for the Renewable Energy Equipment and Projects) and many more Products and Services required to sustain the modern life.

Disclaimer:

The stock just highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.