Low PE & high ROE multibagger penny stock under Rs 50 with zero promoter holding; Board announces stock split!
The stock gave multibagger returns of 190 per cent in just 6 months and a whopping 300 per cent in 1 year.
Franklin Industries Ltd announced that the Board of Directors of the company have approved a sub-division of 1 equity share of the face value of Rs 10 each fully paid up into 1 equity share of Rs 1 each fully paid up, resulting in the issuance of 10 equity shares of Rs 1 each fully paid up, thereby keeping the paid-up capital intact.
The stock split will be done before January 05, 2023, and it is done to improve the liquidity of the company's equity shares in the stock market and to make the shares more affordable to small investors.
Franklin Industries Limited provides financial services. The Company offers real estate services, as well as trading of various commodities, equities, gems, jewellery and textiles. Franklin Industries serves customers in India. The company reported positive numbers in its Quarterly Results and annual results.
On Friday, shares of Franklin Industries gained 0.63 per cent to Rs 39.9 per share with an intraday high of Rs 41.39 and an intraday low of Rs 38. The stock’s 52-week high is Rs 47.35 and its 52-week low is Rs 8.87. The stock gave multibagger returns of 190 per cent in just 6 months and a whopping 300 per cent in 1 year.
The company has a market cap of Rs 14.42 crore. The shares of the company have a PE of 3.72x whereas the industry PE is 61x with an ROE of 52.6 per cent and an ROCE of 70.7. As of September 2023, there are zero promoters in the company and a 100 per cent stake is owned by the public. Investors should be cautious about these types of companies.
Disclaimer: The article is for informational purposes only and not investment advice.
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