Multibagger penny stock: LIC remains bullish on Integra Essentia Ltd shares during Q3FY24

livemint.com:

Multibagger penny stock: Integra Essentia Ltd shares are one of the multibagger stocks that the Indian stock market has delivered in the last few months. In the last six months, this penny stock has risen to the tune of 150 per cent. However, it seems that the Life Insurance Corporation (LIC) of India is still bullish on this small-cap, which has a market cap of around ₹650 crore.

As per the latest shareholding pattern of Integra Essentia Ltd for the recently ended December 2023 quarter, the insurance behemoth has remained steady in this penny stock. According to the shareholding pattern of Integra Essentia Ltd for the October to December 2023 quarter, LIC holds 48,59,916 Integra Essentia shares, which is 1.06 per cent of the total paid-up capital of the small-cap company. In the shareholding pattern of Integra Essentia Ltd for the July to September 2023 quarter, LIC held 48,59,916 company shares, which was 1.06 per cent of the total paid-up capital of the company.

This means, LIC has remained steady with its bullish conviction regarding Integra Essential shares. As mentioned above, Integra Essentia Ltd share price has delivered multibagger returns to its long-term shareholders. In the last one month, Integra Essentia Ltd share price has risen from ₹3.23 to ₹7.10 apiece level on NSE, delivering to the tune of 120 per cent in this time.

Likewise, in the last six months, this multibagger penny stock has risen from ₹2.85 to ₹7.10 per share level, logging around a 150 per cent rise in this time. In YTD time, this penny stock has given over 90 per cent return to its shareholders. Also Read: EPACK Durable IPO: GMP, subscription status, other details.