Focus is now on Integrated Industries. This penny stock had seen a sharp jump on Monday following last Friday, and on Tuesday, even amid a falling market, the stock had risen about 3 percent at one point. Then, around 10:20 AM, the stock climbed nearly one and a half percent. On Monday, this stock hit the upper circuit at 5 percent. The quarterly report ending in September indicated that the company's business situation has improved substantially. In the September quarter, the company's net profit surged by 100 percent compared to the same quarter last year.
Over the past five years, this stock's price has increased by 5300 percent. However, over the past one year, its price has declined by 35 percent. On the other hand, over the past three months, its price has witnessed a significant increase.
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During the same period, the company's revenue from operations rose by 54 percent. EBITDA doubled. The company's net profit increased by more than 10 percent. Experts suggest that, based on the company's report, it appears that the company is currently on a clear path of improvement. That is why its impact is being reflected in the stock market.
The company's Managing Director, Saurabh Goyal, mentions that the distribution network in North India has been strengthened. The company has also stated that demand has risen in African and West Asian countries, resulting in increased exports.
Established in 1995, this company manufactures organic and inorganic food products and bakery items. In 2023, the company also launched a subsidiary that primarily focuses on manufacturing biscuits.
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