Have you noticed this multibagger battery manufacturer with high RoE and low PE!

Battery makers are outperforming markets in recent trading sessions

Battery makers are outperforming markets in recent trading sessions with the likes of HBL power systems and Nippo Batteries turning out to be multibaggers in past one year. 

HBL power systems is trading at a PE of 94 while Nippo batteries or Indo National is trading at PE multiple of nearly 50. High Energy Batteries is one battery manufacturer that is available at extremely low PE multiple of 11.35 as per BSE records.  The stock has reflected healthy financials with rising revenues and net profits supported by increase in profit margins. With RoE of 43.7 the stock comfortably beats other battery manufacturer like Indo National with RoE of 4.69 and HBL Power Systems with RoE of 1.46. 

High Energy Batteries is up by 78.58 per cent on YTD basis while the stock is up by 435 per cent in past one year.