Shares of Integrated Industries to be in focus when markets open Monday for next trading session as the company has announced that it has provided a corporate guarantee to Union Bank of India as security for the loan facility availed by Nurture Well Foods Limited. Shares of the small-cap company had closed 0.52 per cent lower at ₹24.64 apiece on Friday . The small-cap multibagger stock has been falling lately. However Integrated Industries share price has doubled its shareholders wealth giving whopping 2980 per cent returns in the last five years. In an exchange filing on October 24 the company said that it has issued a corporate guarantee to Union Bank of India as security for the loan facility availed by Nurture Well Foods Limited (NWFL). The amount for the security for the loan facility stood at ₹25 crores as per the filing. “We hereby notify that the Company has issued a corporate guarantee to Union Bank of India (“Lender”) for an amount of ₹25 crores as security for the loan facility availed by Nurture Well Foods Limited a material subsidiary of the Company from the Lender” the filing said. Meanwhile benchmark indices Sensex and Nifty declined in early trade on Friday amid profit-taking after almost a week-long rally and fresh foreign fund outflows. The 30-share BSE Sensex dropped 153.18 points to 84403.22 in early trade. The 50-share NSE Nifty dipped 51.1 points to 25840.30. Both the benchmark indices hit their 52-week highs on Thursday.
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