FIIs Bought 75,56,609 Shares: Low PE & High ROE Multibagger Penny Stock Under Rs 40 To Keep Under Radar
The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Sensex Index was up by 23.6 per cent in the same period.
Today, the Indian stock market was trading in green with the BSE Sensex Index up by 0.25 per cent and the NSE Nifty-50 Index up by 0.20 per cent. Along with the market in green, a multibagger penny stock gained 4.72 per cent to Rs 39.70 per share.
The buzzing stock name is Vipul Ltd.
Vipul Ltd, a prominent player in the Indian real estate sector, was established in 1991. The company is a part of the esteemed Vipul Group and has been actively involved in developing a diverse range of real estate projects, including residential complexes, commercial spaces, retail centers, integrated townships and gated communities. Renowned for its collaborative approach, Vipul Ltd partners with reputable contractors and consultants to ensure the successful execution of its projects.
With a strong track record spanning over three decades, the company has successfully delivered over 10 million square feet of properties to more than 7,000 satisfied customers in Gurugram. Expanding its reach beyond Gurugram, Vipul Ltd has also undertaken notable projects in other key cities across India, such as Bhubaneswar, Ludhiana, Dharuhera, Bawal and Faridabad. Vipul Ltd has a diverse portfolio of residential and commercial projects. They've developed prestigious housing options like Tatvam Villas and Vipul Greens, and commercial spaces like Vipul Business Park and Vipul Plaza. These projects cater to various needs and contribute to economic growth in the regions they serve.
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In the September 2024 quarter, FIIs bought 75,56,609 shares and increased their stake to 7.23 per cent compared to 1.87 per cent in the June 2024 quarter. The company has a market cap of over Rs 550 crore and has delivered good profit growth of 188 per cent CAGR over the last 5 years. The shares of the company have a PE of 2.2x and an ROE of 100 per cent. The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Sensex Index was up by 23.6 per cent in the same period. Investors should keep an eye on this low PE & high ROE penny stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.