Low PE stock below Rs 50: Board likely to announce rights issue; declares stellar H2FY23 and FY23 results!
Low PE stock below Rs 50: Board likely to announce rights issue; declares stellar H2FY23 and FY23 results!

Low PE stock below Rs 50: Board likely to announce rights issue; declares stellar H2FY23 and FY23 results!

The stock has a PE of 10.50x whereas the sectoral PE is 33x.

Kiran Shroff Article rating: 4.0

Rex Pipes and Cables Industries Ltd trades in water pumps, flat cables and pipes. The net sales increased by 29.72 per cent to Rs 66.17 crore and the net profit increased by 65.37 per cent to Rs 1.75 crore in H2FY23 compared to H2FY22. The net sales increased by 15.53 per cent to Rs 117.64 and the net profit increased by 89.67 per cent to Rs 3.62 in FY23 compared to FY22.

RSS

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR