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The shares of Integra Essentia Ltd. appreciated to the tune of 10% after the company declared its results for the latest quarter. It is a penny stock and its shares were trading at ₹ 8.70 apiece at 12:55 PM on Tuesday. 

Integra Essentia has a market capitalization of ₹ 384 crores. It is a Fast Moving Consumer Goods (FMCG) company and is engaged in the fields of infrastructure, energy, clothing, and agricultural products. 

On a consolidated basis, the company recorded a net profit of ₹ 2.23 Crores in the December quarter (Q3FY23), up 320.75% from ₹ 0.53 crores recorded in the corresponding period a year ago. 

Its revenue came in at ₹ 62.03 crores in the latest quarter, against ₹ 18.11 crores in the corresponding quarter a year ago, indicating an increase of 242.52%. 

The company’s shares have given multibagger returns of 443.75% in the past year and 856.04% in the past five years. If an investor would have invested ₹ 1 lakh in the company’s shares one year ago, the value of their holdings would have been ₹ 5.43 lakhs today. Similarly, if ₹1 lakh was invested five years ago, the value of their holdings would have been ₹ 9.56 lakhs today. 

Penny stocks are high-risk investments that have the potential to provide substantial returns or wipe away capital. Investing in penny stocks requires caution. These stocks are generally speculative in nature, have a lack of liquidity, smaller number of shareholders, large bid-ask spreads and limited disclosure of information. 

Written by Simran Bafna 


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