2526% Rally In 6-Months: Small Cap Stock Hits Upper Circuit, Board Approves Right Issue

Small cap stock operating in electric sector, Integrated Technologies Ltd locked in upper circuit on June 2, 2023. Last trading price of Integrated Technologies share is Rs 106.90 per share with intraday jump of 4.96%. Integrated Technologies stock has been hitting back to back upper circuits for the last few days and witnessed massive spurt in volumes. On June 2, board of directors of the company approved rights issue. Check details below:

Integrated Technologies Stock Performance & Return: Last trading price of Integrated Technologies share is Rs 106.90 per share on BSE. The stock's 52-week high price is Rs 131. 21 apiece and 52-week low price is Rs 3.54 apiece, respectively. The small cap company has a market capitalisation of Rs 51.11 crore. Integrated Technologies shares has been giving massive returns to shareholders for the last few years. In last 6-months only, shares of Integrated Technologies soared 2526% and 2919% in last 1-year. Integrated Technologies stock gave return of 3859% in last 2-years and a huge 18018% in last 3-years span.

Board Approves Rights Issue: According to the regulatory filing of the company, "The Board of Directors approved the following 1. Fund raising of an amount not exceeding Rs. 125 Cr in super session of resolution passed on 03.05.2023 through a Rights issue as on Record date, for the purpose of:

a. Induction upto an amount of Rs. 105 CR in subsidiary company-Nurture Well Foods Pvt Ltd by way of investment in equity shares & unsecured loan

b. general corporate purpose to the extent of Rs. 20 CR, including the SEBI(ICDR) Regulations, 2018, as amended, SEBI Listing Regulations, along with relevant circulars issued by the SEBI, Companies Act, 2013.

2. Intimation to the Rights issue Committee formed on 05.05.2023 for increasing the amount of right issue for an amount not exceeding Rs. 125 Cr to proceed with the Rights issue & inter-alia, decide the terms & conditions of the Rights Issue

Integrated Technologies About: Integrated Technologies Ltd is engaged in the designing and manufacturing of printed circuit boards (PCB). It produces single and double sided and multilayer PCBs.