Multibagger penny stock under Rs 5; Board announced bonus shares!
The stock has a PE of 13.30x whereas the sectoral PE is 33.20x with a ROE of 21 per cent.
Leading Leasing Finance and Investment Company Ltd informed that the Board of Directors of the company have approved bonus shares to the equity shareholders of the company. The company will issue bonus shares of 5,33,50,000 equity shares Rs 1 each amounting to Rs 5,33,50,000 (Five crore thirty-three lakhs fifty thousand only).
According to the financials, this NBFC company have a market cap of Rs 28.97 crore. The company reported net sales of Rs 0.87 crore and a net profit of Rs 0.55 crore with EPS of Rs 0.10 in Q4FY23. The net sales increased by 151.75 per cent to Rs 3.60 crore and net profit skyrocketed by 282.46 per cent to Rs 2.18 in FY23 compared to FY22.
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Leading Leasing Finance and Investment Company Limited provides financing and leasing services and serves industrial enterprises in India.
On Thursday, shares of the company plunged 3.75 per cent to Rs 5.45 per share from its previous closing of Rs 5.66 with an intraday high of Rs 5.79 and an intraday low of Rs 5.40. The 52-week high of the stock is Rs 17.38 and the 52-week low of Rs 3.11. The stock gave multibagger returns of over 200 per cent in just 5 years.
The stock has a PE of 13.30x whereas the sectoral PE is 33.20x with a ROE of 21 per cent. Investors should keep an eye on this multibagger micro-cap stock.