Low PE stock under Rs 30 hits 5 per cent upper circuit as the company reports a 400 per cent jump in operating profit!
The stock is up by 15 per cent in 15 days and over 50 per cent in just 1 year.
Today, one of the Top Gainers on BSE, shares of Real Touch Finance Ltd zoomed 5 per cent upper circuit to Rs 20.22 per share from its previous closing of Rs 19.26. The stock has a 52-week high of Rs 51.35 and a 52-week low of Rs 13.20.
The sudden rise in the stock price was due to the company announcing its Quarterly Results (Q1FY24) for the period ending June 30, 2023. Details below:
- Revenue from Operations grew by 343.81 per cent from Rs 1.05 crore in Q1FY23 to Rs 4.66 crore in Q1FY24.
- Operating profit increased by 408.82 per cent from Rs 0.68 crore in Q1FY23 to Rs 3.46 crore in Q1FY24.
- Net profit increased by 127.50 per cent from Rs 0.40 crore in Q1FY23 to Rs 0.91 crore in Q1FY24.
- The EPS for Q1FY24 stood at Rs 0.72.
According to the annual results, the net sales increased by 335.60 per cent to Rs 10.28 crore and net profit increased by 82.76 per cent to Rs 2.65 crore in FY23 over FY22. The EPS for FY23 stood at Rs 2.49.
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Real Touch Finance Limited makes investments in long and short-term quoted and non-quoted shares. The company also offers short-term and long-term loans to its borrowers. The company has a market cap of Rs 25.66 crore. The shares of the company have a PE of 7.76x whereas the industry PE is 32.10x.
The stock is up by 15 per cent in 15 days and over 50 per cent in just 1 year. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.