Low PE & high ROE multibagger stock under Rs 100: This micro-cap IT company bags new order worth Rs 4,21,62,173 from Government of Tripura!

The stock gave multibagger returns of 570 per cent in 3 years whereas BSE Sensex Index is up by 61.7 per cent.

Raminfo Limited informed that the company has bagged a work order valued at Rs 4,21,62,173 from the Directorate of Information Technology, Government of Tripura to supply mobile Common Service Centers (CSC) as part of the Digital India initiative to enable access to e-governance services by citizens at their doorstep in a convenient and efficient manner, moreover facilitating scarce populations in geographically remote locations.

On Monday, shares of Raminfo Ltd gained 1.24 per cent to Rs 97.65 per share with an intraday high of Rs 98.95 and an intraday low of Rs 95.05. The stock’s 52-week high is Rs 137.90 and its 52-week low is Rs 80.66. The shares of the company saw a spurt in volume by more than 2.46 times on BSE.

Raminfo Limited is engaged in providing IT-enabled services/ software development with a focus on e-governance in administration, utilities, IT-enabling consumer services etc. The company has a market cap of Rs 66 crore and has delivered good profit growth of 39 per cent CAGR over the last 5 years. Additionally, the company reported positive numbers in its Quarterly Results and annual results.

The shares of the company have a PE of 10.86x whereas the industry PE is 36x with an ROE of 23.5 per cent. The stock gave multibagger returns of 570 per cent in 3 years whereas BSE Sensex Index is up by 61.7 per cent. Investors should keep an eye on this micro-cap stock.

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