Multibagger stock below Rs 5: Micro-Cap company unveils thrilling new project and announces rights issue!
The stock has a PE of 26.39x, a ROCE of 60.30 per cent and a ROCE of 68.60 per cent.
Radhe Developers Ltd informed that the company has launched its new project- "RADHE ABODE".
RADHE ABODE, a renowned name in real estate, is known for its innovative and excellent projects. Their latest venture in Chhabasar village, Bavla, offers a sustainable living experience that rejuvenates the mind, body and soul. Spanning approximately 90 acres, the project features over 600 plots, starting from 675 sq. yd.
Along with farm/weekend houses, the development provides modern amenities, creating an idyllic countryside retreat. This remarkable residential space harmoniously combines contemporary architecture with comfort, making it the ultimate "Land of Dreams" and an ideal weekend getaway.
Additionally, the company announced that The Board of Directors of Radhe Developers (India) Ltd (BSE Script Code: 531273) held a meeting wherein it would raise funds through rights issue. The company did not mention any detailed information about the rights issue but will be soon releasing a press release for the same.
DSIJ offers a product 'Tiny Treasure' with recommendations for Small-Cap & micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
Radhe Developers India Ltd is a real estate development company. The company constructs and develops residential and commercial complexes.
Talking about the financials, this company has a market cap of Rs 164.68 crore with 3 years CAGR of 110 per cent. The company reported positive numbers in its Quarterly Results and annual results. The stock has a PE of 26.39x, a ROCE of 60.30 per cent and a ROCE of 68.60 per cent.
On Monday, shares of Radhe Developers plunged 5 per cent to Rs 3.27 per share from its previous closing of Rs 3.44. The stock gave multibagger returns of 280 per cent in just 2 years.
This micro-cap realty stock should be kept under the radar.