Don’t turn blind eye to these penny stocks with high PE: All of them turned multibagger within a year!

On the broader market, the indices were trading in green with the BSE Mid-cap Index up 0.91 per cent and the BSE Small-cap Index up by 1.13 per cent.

On Wednesday, the benchmark indices ended the trading session higher with the BSE Sensex Index up by 1.14 per cent at a level of 65,676 and the NSE Nifty-50 Index up by 1.19 per cent at a level of 19,675. About 2,215 shares have advanced, 1,538 declined, and 131 are unchanged on the BSE.

On the broader market, the indices were trading in green with the BSE Mid-Cap Index up 0.91 per cent and the BSE Small-Cap Index up by 1.13 per cent.

The market capitalisation of BSE-listed companies amounts to Rs 3,25,40,109 crore, accompanied by 363 stocks hitting a 52-week high and 26 stocks reaching a 52-week low as of the closing of November 15, 2023.

A high PE ratio (price-to-earnings ratio) indicates that a stock is relatively expensive compared to its earnings. However, some high PE stocks have given multibagger returns, meaning they have increased in value by several times over a period of time. This can happen for a number of reasons, such as strong earnings growth, positive news about the company, or a general shift in investor sentiment towards the company's industry.

Following is the list of Penny Stocks that have high PE ratio and gave multibagger returns in just 1 year:

Disclaimer: The article is for informational purposes only and not investment advice.