Stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on December 19
The stock is up by 83.75 per cent in 6 months while BSE Sensex has only increased by 19.7 per cent in 6 months.
One of the Top Gainers on the BSE today, shares of Pro Fin Capital Services Ltd surged and reached an upper price band of Rs 1.47 per share, after being locked in the 5 per cent upper circuit. In recent trading activities, the company's stock price has increased significantly and made back-to-back upper circuits.
In quarterly and annual financial statements, the corporation presented excellent figures. According to annual reports, the company reported a net loss of Rs 7.07 crore, it skyrocketed to a net profit of Rs 3.77 crore or 153.35 per cent in FY23. The recent substantial acquisition of shares and takeover by "UMESHWAR SECURITIES PRIVATE LIMITED" has resulted in some new buying today.
Pro Fin Capital Services Ltd has a market cap of Rs 31.2 crore. It is engaged in the financial sector and capital market services. The company has a low PE multiple of 5.82 whereas the PE multiple for the sector is 26.7. The company has a ROCE of 9.94 and an ROE of 14.4 respectively. Today, the shares of the company saw a spurt in volume by more than 2.06 times on BSE.
The stock is up by 83.75 per cent in 6 months while BSE Sensex has only increased by 19.7 per cent in 6 months. Investors must keep this stock on their watch list.