DSIJ Mindshare

Stock below Rs 50: Small-cap single digit PE stock registers a solid breakout; RSI enters bullish territory after three years!

The breakout was no mirage; the volumes were robust, validating the Dow Theory principle of strength in numbers, with a larger participation in the direction of the trend.

Karan Dsij 1 10771 Article rating: 3.7

For all the astute market participants out there, this stock should undoubtedly find a place on your radar. The stock has a book value of Rs 67.2 and it currently trades at 0.63 price to book value. The stock P/E stands at 7.59.

Rs 10,938 crore order book: This multibagger telecom manufacturing company reports a 345 per cent jump in net profit!

The stock is up by 80 per cent in 5 years and gave multibagger returns of over 230 per cent in 1 decade.

Kiran Shroff 0 26528 Article rating: 3.9

Commenting on the company’s quarter performance, Ankit Agarwal, Managing Director, STL, said, “Amidst global challenges, we continue to drive our market presence and pursue our ambition to be among the world's top 3 optical companies. We are focused on long-term, sustainable growth and aim to deliver a 7 per cent to 9 per cent revenue increase this financial year while targeting a net debt to EBITDA ratio of less than 2.5 to further strengthen our financial position. With a proactive approach and an exceptional team, we embrace the future with optimism and stay agile to seize new opportunities in the dynamic market landscape.”

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