- Date : 01/08/2023
- Read: 3 mins
Integra Essentia has been a multibagger penny stock with LIC as a major shareholder. Here’s an analysis of the company and its stock which can be a good addition to your portfolio.
Penny stocks are low-priced stocks of small-cap companies that are relatively new or those that are not yet fully established in the market. Integra Essentia is a small-cap stock currently priced at ₹6.30 at the NSE (as of 1st August 2023 at 13:50 pm). The stock has not delivered any return over the last year as the company has been building its base for one year and above. However, the fact has not deterred LIC which is a major shareholder in the company. Despite the stock's below-par performance recently, LIC has maintained its exposure in Integra Essentia during the April – June 2023 quarter.
Penny stocks are low-priced small-cap stocks that can help you own a considerable part of the company’s share capital without affecting your pockets.
Integra Essentia is a penny stock that had turned multibagger after the pandemic’s effect
The company has recovered and enjoys LIC’s stakeholding which has remained steady despite the stock failing to deliver returns
Find all about Integra Essentia’s penny stocks and see if it is worth investing into
Integra Essentia’s stocks turned multibagger after the pandemic subsided as it jumped from ₹0.39 to ₹5.85 with a return of 1350%. Here are some more details.
Also Read – Do you know what penny stocks are all about?
About Integra Essentia
Integra Essentia is a small-cap company with a market cap of ₹260 crores.
The company is engaged in different business segments like the trading of agro products, clothing and textiles, infrastructure and energy.
In the first quarter of the financial year 2023-24, the company posted a total income of ₹56.40 crores compared to ₹55.96 crores a year ago showing a minor improvement.
While the growth in the total income was muted, net profits surged by more than 200% as they grew from ₹58.32 lakhs to ₹18.39 crores.
LIC’s shareholding in Integra Essentia
LIC holds about 48.60 lakh shares in Integra Essentia and has maintained its stockholding consistently over the last few years despite the falling stock prices.
Performance of Integra Essentia's Stock
Here’s how the company’s stock has performed in the last few years on a year-to-date basis –
In 2023, the stock fell by around 15% from ₹6.85 to ₹5.85
Over the last 12 months, the stock fell by about 2.50% as the price moved from ₹6 to ₹5.85
What Should Investors Do?
Given that Integra Essentia proved to be a multibagger after the pandemic’s effect and LIC’s continued trust, the stock carries good potential. If you have not invested in it, you can do so.
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The Bottom Line
Assess the stock’s past performance before making an investment-related decision. Moreover, invest a small part of your savings to minimise the associated volatility risks.
Also Read – Pick the winning penny stocks. Here’s how.
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.