In a remarkable turn of events, Integra Essentia, a stock backed by LIC, has witnessed an astounding surge, hitting the upper circuit limit of 5% in Monday’s trading session on the Bombay Stock Exchange (BSE). The under-Rs-10 penny stock has recorded a staggering 146.02% return in the last 30 days, with a bonus share allotment of over 45 crore shares triggering the stock’s meteoric rise.
Unveiling the Stock’s Performance Metrics
As per BSE Analytics, Integra Essentia has experienced a remarkable trajectory in recent times. In the last 90 days, it delivered a notable 132.35% return, and over the span of 180 days, the stock climbed by an impressive 140.20%. The one-year performance saw a significant surge, providing investors with returns of 106.09%. The three-year performance is nothing short of extraordinary, with an outstanding growth of 3455%.
Bonus Share Allotment Fuels the Rally
The surge in the stock’s price coincided with a crucial decision by the company’s board of directors. In a recent meeting, the board approved the allotment of over 45 crore bonus equity shares, each valued at Re 1. This allotment follows a ratio of 1 new fully paid-up equity share of Re 1 for every existing fully paid-up equity share of Re 1 held by shareholders.
Record Date and Company Statement
The company fixed January 11, 2024, as the record date to determine shareholder eligibility for the bonus equity shares. In a statement, Integra Essentia clarified, “The new bonus equity shares allotted shall rank pari-passu in all respects with the existing equity shares in the company.”
Disclaimer: The above article is for informational purposes only and should not be considered as investment advice. We recommends consulting financial advisors before making any money-related decisions.
