FII’s new favourite: Small-cap gem locked in upper circuit; do you own it?

During Tuesday’s trading session, the benchmark indices concluded on a positive trajectory, with the Sensex and Nifty registering gains of 0.31% and 0.48%, respectively. However, market volatility, measured by India VIX, witnessed a significant uptick of 10.26%, indicating an escalation in overall market uncertainty. This fluctuation in volatility may have implications for investor sentiment and decision-making.

In this positive market sentiment, the shares of Integrated Industries Limited zoomed by 2%. Additionally, the stock touched the upper circuit of Rs 375 apiece on BSE. The company’s current market capitalisation is Rs 303.90 crore.

Technical Outlook

From a technical perspective, as of November 28, 2023, the stock’s 200-day moving average (DMA) stood at Rs 196.34, while the 50-DMA was observed at Rs 330.08. The current share price on BSE is Rs 375. In a recent development, the 50-DMA has crossed above the 200-DMA, signaling a robust and sustained upward trend over the long term.

About the company:

Established in 1995, Integrated Industries Ltd specializes in the production of printed circuit boards.

In terms of shareholding pattern, the company experienced a shift in Foreign Institutional Investor (FII) investment from 0.00% in June 2023 to 6.91% in September 2023.

The noteworthy surge in FII presents a significant trigger point for the future growth trajectory of the company. This uptick in FII activity suggests increased confidence and interest from international investors, potentially influencing the company’s market standing and performance in the times ahead. Investors and stakeholders may closely monitor this development as it could impact the company’s strategic direction and overall growth prospects.

Furthermore, the company has proven to be a true multibagger stock, delivering remarkable returns of over 100%.

Coined by Peter Lynch, the term “multibagger stock” symbolizes exceptional growth and substantial returns, akin to a baseball player advancing to multiple bases. It represents an impressive achievement in the world of investing.

Integrated Industries Limited perfectly aligns with this definition, witnessing substantial buying activity and experiencing a surge of over 200% in the last 6 months moreover, the stock has rallied over 41,560% in the last 3 years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.