Low PE & High RoE Penny Stock Under Rs 15 Surges After Company Welcomes Rashmika Mandanna as Brand Ambassador
The stock has a PE of 8x whereas the industry PE is 36x with an RoE of 100 per cent and an RoCE of 90 per cent.
On Monday, shares of Mishtann Foods Ltd surged 1.36 per cent to Rs 14.21 per share from its previous closing of Rs 14.02 per share with an intraday high is Rs 14.45 per share and an intraday low of Rs 14.07 per share. The stock’s 52-week high is Rs 26.37 and its 52-week low is Rs 13.
Mishtann Foods Limited (Mishtann) is thrilled to announce the appointment of the celebrated Pan India actress, Rashmika Mandanna, as its esteemed Brand Ambassador. This exciting collaboration will see Rashmika endorsing Mishtann's premium Basmati rice and Salt product lines. Through her significant influence and popularity, Rashmika will actively participate in the company's promotional campaigns, further elevating the brand's visibility and reach. This partnership underscores Mishtann's unwavering dedication to delivering exceptional quality products and its aspiration to forge enduring connections with consumers across the nation.
About Mishtann Foods Ltd
Mishtann Foods Limited (BSE: 539594) is India's leading FMCG company with a primary focus on various types of Basmati rice along with edible common salt, rock salt, pink salt and all other kinds of grains and cereals. Mishtann’s 1,00,000 metric tonne per annum rice processing facility is strategically located near Ahmedabad in Gujarat, India, is a state-of-the-art facility. Through diligent and Perseverant efforts, the Company has developed a dealer network of more than 1,25,000 (One Lakhs Twenty-Five Thousand) touchpoints.
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Mishtann's wider product portfolio of Basmati rice includes Raw, Sella and Steam that cater to a wider customer segment in wholesale as well as retail. The company offers a wide range of agricultural products, including rice, wheat, spices, and pulses. It has also successfully forayed into the edible common Salt, Himalayan Rock Salt and Pink Salt. All of its products are grown using environmentally friendly farming practices and carefully processed and packaged to preserve their freshness and nutritional value. Mishtann Foods is committed to sustainable agriculture and environmental conservation. It works closely with local farmers, providing them with training and support in eco-friendly farming practices and encouraging them to adopt sustainable methods of agriculture.
The company has a market cap of Rs 1,513.3 crore and has reduced its debt from Rs 47 crore to Rs 6 crore. The stock has a PE of 8x whereas the industry PE is 36x with an RoE of 100 per cent and an RoCE of 90 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.