The stock has a PE multiple of 3.49 whereas the sectoral PE multiple is 33.4 and an ROE of 208 per cent. This all points to effective managerial performance which explains why this stock saw only buyers this year.

On a YTD basis, the stock delivered multibagger returns of 436.7 per cent while the BSE Sensex gained only 3.15 per cent. Investors should keep a close eye on this textile stock.

The stock has gained by 138.05 per cent in just one month, while the BSE Sensex has only risen by 0.91 per cent.

In the pre-open market itself, the stock reached a new 52-week high of Rs 47.95 per share.

The public holds approximately 61.80 per cent of the stock, while promoters hold 38.19 per cent. In the most recent quarter, promoters reduced their stake by 29.45 percent in Q2FY23 compared to Q2FY22. 

The shareholding pattern of the company consists of 70.15 per cent promoter, 6.31 per cent FIIs, 9.12 per cent DIIs and 14.42 per cent public ownership. In 1 month, the stock is up 10.51 per cent while in 6 months, the stock is up 24.81 per cent respectively. Investors should keep an eye on this stock.

The benchmark indices were trading lower this week. On Friday, BSE Sensex closed on a negative note, down around 461.22 points or 0.75 per cent at 61,337.81. About 1,334 shares had advanced, 2,213 declined and 105 were unchanged.

The stock PE multiple is just 8.57 whereas the industry PE multiple is 23.19 and high ROE of 32.7 per cent, all of this points to excellent managerial performance.

Wall Street indices ended lower overnight after the latest Fed rate hike. Mirroring the weakness on Wall Street, the majority of global indices witnessed a downturn. 

The PE multiple for EIL is 13.74, while the PE multiple for the sector is 25.3. The stock generated gains of more than 45 per cent in just six months.