Don’t miss action in this low PE & high ROE penny stock under Rs 90 as Board is likely to announce bonus shares next week!

The shares of the company have a PE of 10x, an ROE of 57 per cent and an ROCE of 69 per cent.

Sameera Agro and Infra Limited hereby announces that a meeting of its Board of Directors will be held on Monday, August 26, 2024, at 3:00 PM at the Corporate Office to discuss and approve the company's diversification and expansion plans, draft Notice for the 23rd Annual General Meeting scheduled for September 25, 2024, a bonus share issue and ratio, book closure for the AGM, cut-off date for remote E-voting, appointment of a scrutinizer for E-voting, and any other relevant matters.

Sameera Agro and Infra Limited, established in 2002, is a diversified infrastructure and construction company. Their primary focus is on developing residential and commercial spaces, including apartments, townships, and gated communities. Additionally, they undertake infrastructure projects like bridges, flyovers, and pipelines. In 2021, the company ventured into the agri-business sector, processing, selling, and distributing agricultural commodities such as pulses and grains.

On Wednesday, shares of Sameera Agro and Infra Limited plunged 2.49 per cent to Rs 86 per share from its previous closing of Rs 88.20 per share. The stock’s 52-week high is Rs 185 and up by 15 per cent from its 52-week low of Rs 76 per share. The shares of the company have a PE of 10x, an ROE of 57 per cent and an ROCE of 69 per cent. The company has a market cap of over Rs 100 crore and reported positive numbers in its half-yearly results (H2FY24) and annual results (FY24). Investors should keep this stock under the radar.

Disclaimer: The article is for informational purposes only and not investment advice. 

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