Low PE & high ROE multibagger penny stock under Rs 50 is locked in the upper circuit today, Company is in the business of real estate development!

Low PE & high ROE multibagger penny stock under Rs 50 is locked in the upper circuit today, Company is in the business of real estate development!

Kiran Shroff

The stock gave multibagger returns of 140 per cent in just 1 year whereas BSE Sensex Index is up by 26 per cent in the same period.

Today, the Indian stock market was trading flat with the BSE Sensex Index up by 0.05 per cent and NSE Nifty-50 Index up by 0.02 per cent. Though the market was trading flat, a multibagger penny stock was locked in the 5 per cent upper circuit to Rs 36.24 per share. The shares of the company saw a spurt in volume by more than 3 times on BSE. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces. 

The buzzing stock name is Vipul Ltd.

Vipul Ltd, a prominent player in the Indian real estate sector, was established in 1991. The company is a part of the esteemed Vipul Group and has been actively involved in developing a diverse range of real estate projects, including residential complexes, commercial spaces, retail centers, integrated townships and gated communities. Renowned for its collaborative approach, Vipul Ltd partners with reputable contractors and consultants to ensure the successful execution of its projects.

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With a strong track record spanning over three decades, the company has successfully delivered over 10 million square feet of properties to more than 7,000 satisfied customers in Gurugram. Expanding its reach beyond Gurugram, Vipul Ltd has also undertaken notable projects in other key cities across India, such as Bhubaneswar, Ludhiana, Dharuhera, Bawal and Faridabad. Vipul Ltd has a diverse portfolio of residential and commercial projects. They've developed prestigious housing options like Tatvam Villas and Vipul Greens, and commercial spaces like Vipul Business Park and Vipul Plaza. These projects cater to various needs and contribute to economic growth in the regions they serve.

The company has a market cap of Rs 510.84 crore and has delivered good profit growth of 188 per cent CAGR over the last 5 years. The shares of the company have a PE of 2.02x and an ROE of 101 per cent. The stock gave multibagger returns of 140 per cent in just 1 year whereas BSE Sensex Index is up by 26 per cent in the same period. Investors should keep an eye on this low PE & high ROE penny stock under the radar.

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

Also Read: Rs 1,35,000 crore order book: President of India-backed heavy electrical equipment company bags new orders worth Rs 11,000 crore from Adani Group

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