1:1 Bonus Issue: Penny Stock To Trade Ex-Bonus Next Week, Gains 69% In 2-Weeks

Small cap operating in apparels sector Integra Essentia Ltd shares declined over 8% on January 5, 2024 to settle at Rs 10.71 apiece. The company on December 30, 2023 fixed January 11, 2024 as the record date for 1:1 bonus share. Integra Essentia shares gained 69% in last 2-weeks and soared 638% in last 2-years. The company has a market capitalisation of Rs 489.48 crore. Check details below:

Integra Essentia Sets Jan 11, 2024 As Record Date: As per the regulatory filing of the company dated December 30, 2023, "This is to inform that in terms of Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, the Company has fixed Thursday, January 11, 2024 as the Record date."

The abovementioned Bonus Issue was recommended by the Board of Directors of the Company at its meeting held on Monday, November 27, 2023 and subsequently approval of the members have already been obtained through postal ballot on Friday, December 29, 2023, added the regulatory filing.

Integra Essentia Stock Outlook & Return: The stock's 52-week high price is Rs 12.50 per share and 52-week low price is Rs 5.10 per share, respectively. Integra Essentia shares surged 74% in last 6-months, gained 2512% in last 3-years.

Integra Essentia Financial Results: The company announced its revenue from operations surged by 17.11% from Rs. 5712.55 Lakhs in Q2FY23 to Rs. 6689.71 Lakhs in Q2FY24. The company informed BSE that its PAT soared 248.71% from Rs. 215.88 Lakhs in Q2FY23 to Rs. 752.79 Lakhs in Q2FY24. Its PAT margins increased from 3.63% in Q2FY23 to 10.07% in Q2FY24 by 644 bps. Its EBITDA increased 420.98% from Rs.211.11 Lakhs in Q2FY23 to Rs. 1099.84 Lakhs in Q2FY24

About: IEL is a company engaged in business of Life Essentials i.e. Food (Agro Products), Clothing (Textiles and Garments), Infrastructure (Materials and Services for Construction and Infrastructure Development) and Energy (Materials, Products and Services for the Renewable Energy Equipment and Projects) and many more Products and Services required to sustain the modern life.

Disclaimer:

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