COMPANIES

No Data Found

NEWS

No Data Found
Advertisement
Integra Essentia shares rise 6% after order win update

Integra Essentia shares rise 6% after order win update

Shares of Integra Essentia surged more than 6.55 on Thursday. The scrip had previously settled at Rs 6.18 in the previous trading session on Wednesday.

Pawan Kumar Nahar
Pawan Kumar Nahar
  • Updated Dec 7, 2023 5:55 PM IST
Integra Essentia shares rise 6% after order win update In November 2023, the company board of Integra Essentia has approved the issue of bonus shares in 1:1 ratio.
SUMMARY
  • Integra Essentia shares rose about 6% on Thursday.
  • The company has informed us about a recent order win.
  • The board approved bonus shares in a 1:1 ratio.

Shares of Integra Essentia Ltd surged about 6 per cent during the trading session on Thursday after the company announced new order wins and shared some business updates. The company informed about the same through an exchange filing after the market hours on Wednesday. Integra Essentia informed that its agro product division has received another new order amounting about Rs 18 crore for supplying premium rice. After this order, the consolidated order book of the company has reached the Rs 30 crore mark, which will be completed within the current year. "The company with the existing order book, sourcing and execution of supplies plan, is achieving an overall growth of about 25 per cent during the current fiscal, on a year-on-Year (YoY) basis," said the filing. Following the announcement, shares of Integra Essentia surged more than 6.55 on Thursday with a total market capitalization of more than Rs 300 crore. The scrip had previously settled at Rs 6.18 in the previous trading session on Wednesday. The stock is up about 30 per cent in the last three months. Furthermore, the company said that it is sprinting ahead exceeding the revenue targets set at the beginning of the current fiscal year, recording an exponential growth while exploring various strategic integration and/or acquisitions to tap into the tremendous business potential embedded in the ever-growing demand of life essentials. In November 2023,  the company board of Integra Essentia approved the issue of bonus shares in 1:1 ratio. It means that every eligible shareholder of the company will be awarded one equity share with a face value of Re 1 for each share held by them with a face value of Re 1 as on the record date. Integra Essentia is a company engaged in business of life essentials, including food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development) and energy (materials, products and services for the renewable energy equipment and projects) and more.  

Advertisement

Also read: Hot stocks on December 7: Adani Total Gas, Paytm, ITI, Tata Power and more

Also read: Day 2 of RBI MPC meeting, IRCON OFS to open in Top News on December 7: Stock market, Bank Nifty outlook, Revanth Reddy set to become new Telangana CM, TECNO SPARK GO 2024 first sale on Amazon

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Dec 7, 2023 5:55 PM IST
Post a comment0