Heavy Buying Witnessed: Top 5 stocks with Low PE and High ROE that gave multibagger returns in just 1 year!
About 1,701 shares advanced, 1,804 declined, and 123 remained unchanged on the BSE.
On Wednesday, the benchmark indices ended the day higher. The BSE Sensex Index was up by 0.79 per cent, reaching a level of 63,915.42. The Sensex Index also reached an all-time high at 64,050.44. About 1,701 shares advanced, 1,804 declined, and 123 remained unchanged on the BSE.
Refex Industries Limited (RIL) is a specialist manufacturer and refiller of refrigerant gases that serve as replacements for Chlorofluorocarbons. The shares of the company have a PE ratio of 10.09x and an ROE of 38.03 per cent. The stock delivered multibagger returns of 345.94 per cent in just 1 year.
Ekansh Concepts Ltd is involved in consulting services with a presence in segments such as roads and highways, affordable housing, water management, urban development, and more. The shares of the company have a PE ratio of 16.73x and an ROE of 25.75 per cent. The stock provided multibagger returns of 230.31 per cent in just 1 year.
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Jindal Stainless Ltd is one of the largest manufacturers of stainless steel flat products in India, which are used in various industries such as automobiles, railways, construction, and consumer goods. The shares of the company have a PE ratio of 13.69x and an ROE of 45.80 per cent. The stock yielded multibagger returns of 192.50 per cent in just 1 year.
KPT Industries Limited is engaged in the manufacturing of electrical power tools and Roots (Positive Displacement) Blowers, as well as electric CVs and power generation through windmills. The shares of the company have a PE ratio of 11.50x and an ROE of 33.20 per cent. The stock achieved multibagger returns of 125.36 per cent in just 1 year.
Ugar Sugar Works Ltd is involved in the manufacture and sale of sugar, industrial and potable alcohol, as well as the generation and distribution of electricity. The shares of the company have a PE ratio of 13.21x and an ROE of 42.84 per cent. The stock recorded multibagger returns of 108.50 per cent in just 1 year.