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Stock under Rs 10: Board of this small-cap company approves right issue; stock trades near its book value!
Stock under Rs 10: Board of this small-cap company approves right issue; stock trades near its book value!

Stock under Rs 10: Board of this small-cap company approves right issue; stock trades near its book value!

The book value per share of the stock is at Rs 2.28 and the stock is trading at 1.06 price-to-book value (P/B).

Karan Dsij Article rating: 3.8

The stock was largely bound between 2016-2020. However, since November 2020 the stock started its dream run and from the low of Rs 0.15, the stock went on touch a high of Rs 12.88, which translates into a staggering return of over 8200 per cent in just 28 months. Isn’t it unimaginable returns?

 

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