Do you own this Low PE, High ROE stock with a positive financial trend that made a fresh all-time high on Aug 08?

The shares of Sree Rayalaseema Hi Strength Hypo Ltd (SRHSHL) made an all-time high on Aug 08 hitting Rs 718.80.

The shares of Sree Rayalaseema Hi Strength Hypo Ltd (SRHSHL) made an all-time high on Aug 08 hitting Rs 718.80. The stock has made a 52-week high recently on July 29 and in one week again crossed its all-time high. The shares of SRHSHL jumped higher by 7 per cent on Monday, catching investors’ attention to closing at Rs 705 per share. 

The shares of Sree Rayalaseema are trading with a low multiple of 10.93 and the ROE is 18.02, indicating high management efficiency. The company is almost debt free and has delivered good profit growth of 37.68 per cent CAGR over the last 5 years. The shares of Sree Rayalaseema jumped higher by more than 60 per cent in one month and are up by more than 115 per cent in 6 months. In 2022 alone the shares of Sree Rayalaseema are higher by nearly 107 per cent while BSE Sensex is down by around half a per cent. 

In the past five years, the shares of Sree Rayalaseema have jumped higher by nearly 482 per cent thus multiplying the wealth of investors.

Technically the stock is in the bullish zone. The shares of Sree Rayalaseema jumped higher on Monday’s trading session with a huge surge in volume indicating the interest of investors and momentum traders. Sree Rayalaseema should be on your watchlist.

Incorporated in 2005, Sree Rayalaseema Hi-Strength Hypo Limited is based in Kurnool, Andhra Pradesh, and is part of the TGV group. It is a leading producer of Calcium Hypochlorite, Stable Bleaching Powder, Sulphuric Acid, and other chemicals.

Keep an eye on this script for the upcoming sessions.