Kalyani Steel a low PE high RoE stocks is on the verge of a breakout

At current price, Kalyani Steel is offering a dividend yield close to 2 per cent and is trading with a PE multiple of little over 10 while the ROE is 18.  

The metal stocks are rallying and outperforming on bourses with several metal stocks trading at record highs. Kalyani Steel is one such stock in the sector that is trading close to its 52-week highs and threatens to break-out of its multi-year highs. 

The shares of Kalyani Steel have recently given a breakout with a spike in volumes. The shares of Kalyani Steel have gained by more than 58 per cent in 2021 alone while the share price of Kalyani Steel jumped by more than 106 per cent in one year.  In one month, the stock price of Kalyani Steel is up by more than 13 per cent.  

At current price, Kalyani Steel is offering a dividend yield close to 2 per cent and is trading with a PE multiple of little over 10 while the ROE is 18.  

BSE Sensex jumped by more than 300 points on Monday with the help of positive sentiment in global markets. Kalyani Steel share price is up by more than 0.52% on an intraday basis on Monday.