Dolly Khanna bought additional 1,08,628 shares of this low PE high ROE multibagger stock; scrip hit 52-week high!

The shares of the company have a PE of 12.46x, an ROE of 23.46 per cent and an ROCE of 29 per cent.

On Friday, the benchmark indices ended the session in red with BSE Sensex Index down 0.19 per cent at a level of 66,283. On the broader market, indices were also trading in red with BSE Mid-Cap Index down 0.04 per cent and BSE Small-Cap Index down 0.05 per cent.

Despite the market downturn, this multibagger stock bucked the trend and traded in the green. Let's know more about this stock:

An ace investor, Dolly Khanna brought additional 1,08,628 shares or 0.46 per cent stake in the September quarter (Q2FY24). Including this, she now owns 7,74,451 shares or 3.24 per cent stake in the company.

Here comes an interesting twist: On Friday, shares of this company ended the trading session in the green, up 37.60 points or 12.54 per cent to Rs 337.55 per share with a spurt in volume 2.09 times on BSE. The stock also made a new 52-week high of Rs 348.25 per share.

Dolly Khanna owns 7,74,451 shares, and each share gained Rs 37.6. As a result, her portfolio increased by Rs 2,91,19,358 in just one day.

The stock name is PRAKASH PIPES LTD.

Prakash Pipes is engaged in the manufacturing of PVC pipes & fittings and packaging products. It was incorporated in June 2017 and created out of a demerger from Prakash Industries Limited. The company has a market cap of over Rs 800 crore with a 3-year stock price CAGR of 71 per cent. The company reported amazing numbers in its Quarterly Results and annual results.

The shares of the company have a PE of 12.46x, an ROE of 23.46 per cent and an ROCE of 29 per cent. The stock gave multibagger returns of over 200 per cent in 3 years.

Do you own Prakash Pipes Ltd in your portfolio? Do let us know in the comments below

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