Dont turn blind eye to these shares below Rs 100 with high PE as ten of them turn multibagger within a year!
Who says high PE stocks don’t perform?! Here are some of the best-performing stocks that have turned into multi-baggers in just one year
Price and value are two different concepts in investing. Prices are available on exchanges and known to all but their value is based on the evaluation and analysis of the valuer at a certain point in time. For this reason, valuation is often viewed as both an art as well as a science. Determining the fair value of an asset requires a combination of knowledge, experience, and professional judgement.
One of the widely-used metrics for valuation is the price/earnings ratio, also known as the P/E ratio. The PE ratio measures the current stock price of a company’s earnings. Also called multiple or earnings multiple, it indicates the amount that investors are willing to pay per Rs 1 of the company’s earnings.
What does the PE ratio tell us?
A high PE ratio indicates that market participants expect high levels of earnings and growth in the future. Shares are rising faster than earnings in anticipation of improved earnings.
A low PE ratio can arise as the share price falls while earnings remain broadly unchanged.
Who says high PE stocks don’t perform?! Here are some of the best-performing stocks that have turned into multibagger ">Multi-baggers in just one year:
|
Stock Name
|
CMP in Rs
|
P/E
|
1-year Gains in %
|
Pledged in %
|
|
FCS Software
|
3.02
|
1173.32
|
106.67
|
0
|
|
Toyam Industries
|
14.28
|
482.25
|
350.16
|
0
|
|
Lloyds Steels
|
14.8
|
74.92
|
391.8
|
1.73
|
|
Rajnish Wellness
|
16.7
|
1645.34
|
902.86
|
0
|
|
Spacenet Enterprises
|
19.1
|
625.3
|
930.77
|
0
|
|
Swiss Military
|
28.7
|
150.46
|
903.53
|
0
|
|
Cressanda Solutions
|
37.2
|
7791.59
|
1468.28
|
0
|
|
Mangalam Global
|
44.2
|
452.85
|
345.49
|
0
|
|
Polo Queen Industrial & Fintech
|
56.6
|
1107.78
|
4742.11
|
0
|
|
Shanti Educational Initiatives
|
69
|
494
|
436.92
|
0
|