Back-to-Back Upper Circuits: Investors should keep an eye on this low PE high ROE multibagger stock!

The stock has a low PE of 4.98 per cent and high ROE of 65.71 per cent with multibagger returns of 1,768.51 per cent.

Shares of EKI Energy Services Ltd, one of the Top Gainers on the BSE today, surged 10 per cent upper circuit to Rs 757 per share from its previous closing price of Rs 688.20. In less than two years, the stock provided multibagger returns of 1,768.51 per cent.  

The company's stock has seen some positive attention and heavy buying, which has led to a sharp rise in price and back-to-back upper circuits throughout the recent trading sessions. In addition, the latest press release stated that EKI Energy took a step towards a greener planet by releasing a technology list under Article 6.2 of the Paris Agreement. 

EKI Energy Services Ltd has a market cap of Rs 2,082.59 crore. The company is engaged in the business of climate change & sustainability advisory and carbon offsetting, along with business excellence services.  

The company has released its Quarterly Results (Q3), and they showed favourable numbers. The company did net sales of 407 crore and a net profit of Rs 38 crore in Q3FY23. In FY22, net sales skyrocketed 842.41 per cent and net profit skyrocketed 1,915.79 per cent compared to FY21. 

The stock has a PE of 4.98 per cent whereas the sectoral PE is 22.5 per cent with an ROE of 65.71 per cent respectively. Investors should keep an eye on this Small-Cap multibagger stock.