Integrated Technologies Ltd is a penny stock with a market capitalization of ₹ 56 crores, Company shares hit a 5 percent upper circuit on Tuesday’s session at a price of ₹ 117.80.
The company is engaged in the design and manufacture of printed circuit boards (PCBs).
According to the Integrated Technologies Ltd company’s filings with the exchange, The company announced a rights issue to eligible equity shareholders for an amount not exceeding ₹125 crore for the purpose of induction for its subsidiary company, Nurture Well Foods Private Limited, by way of investment in equity shares and an unsecured loan for ₹105 crore, and for general corporate purposes up to ₹ 20 crore
The stock has increased 2658 percent in the previous six months, from ₹ 4.27 to present levels. Over a one-year period, the stock returned 3227 percent to investors, with a price range of ₹ 3.54 to the current level.
If an investor had invested ₹ 1 lakh in the company’s shares in the previous year, their holdings would be worth ₹ 33.22 lakhs today!
On a YoY comparison of the metrics, the revenues increased from ₹ 1.2 crores during FY 21-22 to ₹ 5.13 crores in FY 22-23. The PAT numbers have shifted upwards within the timeframe mentioned, from a loss of ₹14 lakhs to a profit of ₹ 1.36 crores.
Profitability ratios are increased. ROE and ROCE both grew from 0% to 223 and 294 percent, respectively.
As of FY23, the promoter held 70.82% of the company, while retail investors owned 28.86%.
As penny stocks are illiquid, only a small number of orders can cause a circuit limit. We recommend individual investors undertake extensive research on high-return penny stocks before buying since they lack consistency in performance and hence represent a high risk to retail investors.
Written By Omkar C
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