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Kolkata: It is not very often that a stocks generates returns of 2,980% in five years. If that sets your investment saliva flowing, also note that it is priced less than Rs 25. Analysts are of the opinion that Integrated Industries stock will be in focus on Monday, October 27. The development comes against a background of fluctuation by small-cap stocks in general and investors are looking for stability in this domain. The growth history of the stock and the multi-bagger returns in the past five years can keep it in the radar of investors. Let's take a look at the company and the stock.
The Integrated Industries stock closed trading on Friday, October 24 at Rs 24.64, down Rs 0.13 (or 0.52%). The reason for the optimism of analysts is that the company provided corporate guarantee of Rs 25 crore to Union Bank of India. The loan was meant for use by a subsidiary Nurture Well Foods. Integrated Industries is focused on the agro-foods sector. It is engaged in manufacture and sales of bakery products, biscuits, cookies and similar products and its brands are Richlite and Funtreat. The company has a biscuit manufacturing unit in Neemrana, Rajasthan.
Shares of Integrated Industries declined by 0.52% and stood at Rs 24.64 on the BSE on Friday. The stock has been a underperformer for quite come time. It has declined by 3.71% in the past five days and by 14.98% in the past one month. The fall in the past six months has been 14.95% and 31.50% in the past one year. The 52-week high and 52-week low of the stock are Rs 43 and Rs 17 respectively. The market cap of the company is about Rs 574 crore.
The management of Integrated Industries has communicated to the exchanges that the corporate guarantee will not have any immediate financial impact. The only situation where it could have an impact is if the subsidiary fails to repay the loan. "We wish to inform that the company has issued a corporate guarantee to Union Bank of India for an amount of ₹25 crore, which has been given as security for the loan taken by Nurture Well Foods Limited," mentioned the statement.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)
