153% Rally In 6-Months: LIC-Backed NBFC Stock Hits 2nd Lower Circuit

Small cap company operating in Non Banking Financial Company (NBFC) sector, Industrial Investment Trust Ltd shares hit back-to-back lower circuit on February 13 and February 14. Last trading price of Industrial Investment Trust shares on BSE is Rs 268.40 apiece with intraday fall of 1.99%. Industrial Investment Trust shares zoomed 185% in last 6-months span. As per the shareholding pattern of Industrial Investment Trust for the July to September 2023 quarter, insurance giant LIC held 2,22,716 shares of Industrial Investment Trust with 1.37% stake as of December 2023 quarter. Check details below:

Industrial Investment Trust Declares Q3 Results: The company declared its standalone total income for the quarter ended December 2023 at Rs 7.85 crore as against Rs 5.92 crore declared in the corresponding quarter of last year. Its profit before tax for the December 2023 quarter announced at Rs 20.85 crore which was Rs 30.33 crore in the similar quarter of last financial year. The company's standalone profit after tax for the quarter under review declared at Rs 19.56 crore as compared to Rs 23.98 crore in the similar quarter of last year. The EPS declared at Rs 8.68 for December 2023 quarter which was 10.64 in the same quarter of last year.

Industrial Investment Trust Shares Performance & Return: The 52-week high price of Industrial Investment Trust shares on BSE is Rs 284.95 apiece and 52-week low price is Rs 68.05 apiece, respectively. The company has a market capitalisation of Rs 605.18 crore. Industrial Investment Trust shares zoomed 22% in last 1-month, gained 153% in last 6-months, soared 294% in last 2-years, and offered return of 367% in last 3-years.

Industrial Investment Trust About: It is an investment company. Its main activities consist of investment in equity shares, quoted, as well as unquoted, units of mutual funds, fixed deposits with banks and inter-corporate deposits, among others. Industrial Investment Trust, a small cap company, came into existence in 1933.

Disclaimer:

The stock highlights shares performance, Q3 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.