DSIJ Mindshare

Low PE Stock: This small-cap power company signs MoU with Gujarat Urja Vikas Nigam Limited for 600 MW project; hits 52-week high!

The stock is up by 26 per cent in just 3 months and over 50 per cent in 6 months.

Kiran Shroff 1 5790 Article rating: 4.4

According to the quarterly results and annual results, the company reported positive numbers. The net sales increased by 13 per cent to Rs 342 crore in Q1FY24 compared to net sales of Rs 303 crore in Q1FY23. The company reported a net profit of Rs 57 crore in Q1FY24 compared to a net profit of Rs 63 crore in the same quarter last year.

This single-digit PE and attractive-dividend yield power stock is on the verge of a multi-month breakout!

Sustaining above the levels of Rs 101-Rs 103 would result in the breakout.  

Karan Dsij 0 895 Article rating: 3.6

Interestingly, the stock, in the first hour of the trading itself, has witnessed a huge surge in the volume as it managed to cross a volume of 25 lakh shares. 

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