1420 per cent returns: Low PE and high ROCE multibagger micro-cap stock is likely to announce bonus; watch out!

Currently, the stock trades at a PE of 16.3x, with a robust ROE standing at 27.4 per cent, underscoring its financial strength and growth potential.

The Nifty finds itself grappling with resistance within the range of 19850-19880 on the upside, while maintaining a near-term support level at 19,660-19700. Absent of a breakout from this range, the Index is poised to sustain its lateral movement, with potential downside risks if it breaches the 19700 mark, signaling a likely market correction. Conversely, a decisive breach above 19900 could herald a significant rally, steering the index toward a new all-time high. This underscores the market's anticipation of key triggers to propel it beyond the 19875/19650 level.

In the realm of triggers, while the broader market awaits catalysts, one micro-cap multibagger stock stands out – MK Exim (India) Ltd. Specializing in textiles and fabric manufacturing, the company has diversified into the distribution of cosmetic products. Impressively, it has delivered a staggering 1,420.36 per cent return to shareholders over the last three years, solidifying its status as a remarkable multibagger stock.

Notably, a pivotal board of directors' meeting for MK. Exim (India) Ltd is scheduled for Saturday, 25th December 2023, to deliberate on and approve the issuance of bonus Shares by capitalizing reserves. The stock's trading range over the past 52 weeks has seen highs at Rs 130 and lows at Rs 72.5. Currently, the stock trades at a PE of 16.3x, with a robust ROE standing at 27.4 per cent, underscoring its financial strength and growth potential.

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