Markets
BSE See NSE See 60,348.14
299.67 (0.5%)

This Low priced stock with Low PE and High ROE is turning out to be a multi-bagger!

Yogesh Supekar
/ Categories: Trending, Mindshare

Often investors are attracted to the low price stocks as investors perceive these set of stocks to provide faster returns, even though there is no empirical evidence to suggest such theory. 

Rate this article:
3.3
This Low priced stock with Low PE and High ROE is turning out to be a multi-bagger!

With the bull market in place it is common to see stocks fly sky high. What one has to be careful about is it to watch if the high flying stock is backed by improving fundamentals. Often investors are attracted to the low price stocks as investors perceive these set of stocks to provide faster returns, even though there is no empirical evidence to suggest such theory. 

Sal Steel is one such Low Price stock that looks attarctive from valaution point of view with the PE trading at close to 11.2 and teh ROE close to ~59 levels. This high ROE and Low PE stock is catching investors attention as it attempts to breach its multiyear resistance level of ~ Rs 16 per share. Available at Rs 16 per share Sal Steel is already trading at a 10 year high. The company has delivered good profit growth of 31.59% CAGR over last 5 years while it has also reduced its debt. The share price of Sal Steel is up by 280 per cent in 2021 alone while in one month the stock has gained by 130 per cent. In past one year the share price of Sal Steel has jumped by more than 503 per cent.

SAL Steel is engaged in manufacturing Sponge Iron, Ferro Alloys and power and the products manufactured by the company are sold in the domestic market as well as international market.

Previous Article Do you own any of these Low Price stocks that jumped more than 10 per cent with heavy volume?
Next Article Value Stock: Swaraj Engines is undervalued compared to its peers; Have a look!
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.

DSIJ MINDSHARE

These Top Performing stocks from the hospitality sector gained up to 23.86 per cent in one week alone!

Travel industry and hotel industry were the most negatively impacted sectors in India, owing to the strict lockdowns.

Yogesh Supekar / Article rating: 3.9
Investors perceive that the hospitality sector stands to gain the most from the aggressive vaccination drive even as the festive season kicks off...

Trending Stocks: Don’t miss these 2 Ceramic stocks that are trading with a price volume breakout!

It is very important that the momentum investors and traders identify the pockets of opportunities in advance, to beat the markets.

Yogesh Supekar / Article rating: 3.4
The shares of Kajaria Ceramics and the shares of Cera Sanitaryware are trading above all the important moving averages i.e 20D SMA, 50D SMA and...
1345Last

Knowledge

Tax Column

Jayesh Dadia, Chartered Accountant

Ninad Ramdasi / Article rating: 3.0

In the latest Olympic Games India’s performance was at an all-time best.

1345Last