Storm in a Penny Stock (Integra Essentia LTD) Priced at Just ₹4: A Surge of 18% in 2 Days – Here’s Why!

Integra Essentia LTD: The Indian stock market has witnessed an extraordinary surge in a particular penny stock, which skyrocketed by 18% in just two days. This penny stock is Integra Essentia LTD, which has secured a significant order in the infrastructure-agro sector. Let’s explore the complete story of this stock and the reasons behind its remarkable rise.

Highlights:

• Integra Essentia LTD’s stock price reached ₹4.41.
• A 10% upper circuit was hit last week.
• The company secured a ₹28 crore order in infrastructure and agro.
• Market cap stands at ₹427.08 crore.
• 444.44% growth over the last 5 years.

Table of Important Points:

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The Meteoric Rise of Integra Essentia LTD ’s Stock

The Indian stock market has recently seen a stock that has performed exceptionally well. The stock of Integra Essentia LTD, a penny stock, recorded an 18% increase in just two days. Despite the volatility in the market, this stock has managed to capture the attention of investors. Let’s dive into the reasons behind this surge and some key details about the company.

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Integra Essentia LTD Overview

Integra Essentia LTD is a multi-dimensional Indian company engaged in various sectors. The company deals in agricultural commodities, essential human necessities, organic and natural products, and processed foods, along with infrastructure products. It operates in four segments: agricultural products, textiles, infrastructure, and energy.

Stock Performance of the Company

Integra Essentia LTD boasts a market cap of ₹427.08 crore, with its stock priced at ₹4.41. Over the last 52 weeks, the stock’s highest price was ₹7.05, and the lowest was ₹2.50. The stock has seen a remarkable 444.44% growth over the last 5 years, a 45.07% increase in the past year, and a 19.51% rise in the last month.

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Why This Penny Stock Is Surging

The primary reason behind the surge in this penny stock is the company securing a ₹28 crore order in the infrastructure and agro sector. This order is crucial for the company and needs to be completed by October 2024. The order reflects the company’s credibility and quality of work, contributing to the stock’s upward movement.

• Integra Essentia LTD’s stock closed at ₹4.01 on the last weekly closing day and opened at ₹4.23 on the weekly opening day on August 12.
• Shortly after opening, the stock dipped to ₹4.10 but soon recovered and closed at ₹4.41.
• The company’s stock surged following the significant order it received last week.
• The company’s net profit stands at ₹2.45 crore, down from ₹5.19 crore in the previous quarter.

Company’s First Quarter Performance

In the first quarter, the company reported revenue of ₹88.10 crore, down from ₹100.63 crore in the previous quarter, reflecting a 12.46% quarterly decline. The net profit also decreased to ₹2.45 crore from ₹5.19 crore in the last quarter, a 52.76% quarterly decline.

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Importance of the Secured Order

The frequent orders the company receives indicate the trust its clients place in its services and products. This is a testament to the company’s quality of work and reliability. The recent order has contributed to the stock’s surge, attracting the attention of investors.

FAQs

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