Penny stock under Rs 20; Board announces 9:10 rights issue!
Penny stock under Rs 20; Board announces 9:10 rights issue!

Penny stock under Rs 20; Board announces 9:10 rights issue!

The stock has witnessed a 38 per cent increase in 3 years and over 90 per cent growth in 5 years.

Kiran Shroff Article rating: 4.0

Talking about the financials, the company has a market cap of Rs 182 crore. The net sales increased by 22.40 per cent to Rs 306 crore and the net profit increased by 50 per cent to Rs 6 crore in FY23 over FY22.

Stock below Rs 20: Don't miss action in this stock that has announced rights issue!
Stock below Rs 20: Don't miss action in this stock that has announced rights issue!

Stock below Rs 20: Don't miss action in this stock that has announced rights issue!

The stock has made back-to-back upper circuits in the past few trading sessions and hence it witnessed some fresh buying.

Kiran Shroff Article rating: 4.0

The stock has made back-to-back upper circuits in the past few trading sessions and hence it witnessed some fresh buying.

Stock below Rs 20: Don't miss action in this stock that has announced rights issue worth Rs 48,92,04,000!
Stock below Rs 20: Don't miss action in this stock that has announced rights issue worth Rs 48,92,04,000!

Stock below Rs 20: Don't miss action in this stock that has announced rights issue worth Rs 48,92,04,000!

The stock has a PE multiple of 8.98, while the sectoral PE multiple is 32.8, the ROE is 44.60 per cent and the ROCE is 45.74 per cent.

Kiran Shroff Article rating: 4.0

The stock has a PE multiple of 8.98, while the sectoral PE multiple is 32.8, the ROE is 44.60 per cent and the ROCE is 45.74 per cent.

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