Low PE high ROE multibagger stock: Watch out for this small-cap stock that was locked in upper circuit on April 18
The net sales zoomed 245 per cent and net profit zoomed 450 per cent in FY22 compared to FY21.
On Tuesday, the benchmark indices ended the day in red, BSE Sensex Index was down by 0.31 per cent at a level of 59,722.
In the broader markets, indices were trading higher with BSE Mid-Cap Index up by 0.52 per cent and BSE Small-Cap Index up by 0.22 per cent.
Today, one of the Top Gainers on BSE, shares of Deep Polymers Ltd zoomed 20 per cent upper circuit to Rs 99.79 per share. The stock has a 52-week high of Rs 251 and a 52-week low of Rs 80.
Deep Polymers Limited produces and distributes chemical products. The company engages in the manufacturing of colour and additive masterbatches for engineering plastics and compounds. Today, shares of the company saw a spurt in volume by more than 3.37 times on BSE.
Talking about the financials, Deep Polymers has a market cap of Rs 230 crore. The company reported amazing numbers in its Quarterly Results and annual results. The net sales zoomed 245 per cent and net profit zoomed 450 per cent in FY22 compared to FY21.
The stock gave multibagger returns of over 150 per cent in just 3 years.
Investors should keep an eye on this stock.