Low PE high ROE multibagger penny stock below Rs 5; Board announced rights issue!
Low PE high ROE multibagger penny stock below Rs 5; Board announced rights issue!

Low PE high ROE multibagger penny stock below Rs 5; Board announced rights issue!

The stock gave multibagger returns of over 350 per cent in just 3 years whereas the BSE Sensex Index is up by 71 per cent.

Kiran Shroff Article rating: 4.0

The company has a market cap of Rs 57 crore and has delivered good profit growth of 149 per cent CAGR over the last 5 years. The company reported positive numbers in its quarterly results (Q1FY24) and annual results (FY23). The stock is trading at 0.92 times its book value.

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