Low PE multibagger penny stock below Rs 10: Board announced rights issue; know the record date!
Low PE multibagger penny stock below Rs 10: Board announced rights issue; know the record date!

Low PE multibagger penny stock below Rs 10: Board announced rights issue; know the record date!

The stock gave multibagger returns of 475 per cent in the span of 3 years whereas BSE Sensex Index is up by 71.49 per cent.

Kiran Shroff Article rating: 4.0

On Tuesday, shares of Bhandari Hosiery Exports Ltd plunged 1.14 per cent to Rs 6.96 per share with an intraday high of Rs 7.13 and an intraday low of Rs 6.75. The shares of the company have a PE of 15x whereas the industry PE is 30x. The stock is trading at Rs 1.18 times its book value of Rs 5.95 each.

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