Multibagger stock below Rs 50: Investors should keep an eye on this low PE, high ROE textile stock!

On a YTD basis, the stock delivered multibagger returns of 436.7 per cent while the BSE Sensex gained only 3.15 per cent.

Today, the shares of United Leasing & Industries Ltd surged 5 per cent to reach the upper price band of Rs 34.35 per share. The share also traded at a new 52-week high of Rs 34.35 per share. The stock made back-to-back upper circuits and 52-week highs over the previous five trading sessions.

The company reported positive sets of results in its quarterly and annual financial statements. According to its financial statements, the net profit increased by 375 per cent to Rs 0.57 crore in FY23, from Rs 0.12 crore in FY22. The stock PE multiple is 10.45 whereas the industry PE multiple is 27.7. The ROE of the stock is 27.66. All of this points to excellent managerial performance and hence it witnessed some fresh buying today.

United Leasing & Industries Limited is in the business of leasing various industrial and office-use buildings, machinery, equipment and vehicles. The business makes hire-purchase of finance business. Clients of United Leasing & Industries are only located in India. Today, the share of the company saw a spurt in volume by more than 5.32 times on BSE.

The stock delivered multibagger returns of 115.90 per cent in just one month. 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.

1 comments on article "Multibagger stock below Rs 50: Investors should keep an eye on this low PE, high ROE textile stock!"

Manotosh Bandyopadhyay

Interested in manufacture fmcg it

And bank

12/23/2022 6:02 AM

Leave a comment

Name:	Please enter a name.
Email:	Please enter an email address. Please enter a valid email address.

Comment:

Please enter comment.

Add comment