FIIs Bought 75,59,884 Shares: Low PE & High ROE Penny Stock Under Rs 25 Hit Back-To-Back Upper Circuits
The stock is up by 37 per cent from its 52-week low of Rs 15.10 per share.
On Monday, shares of Vipul Ltd hit a 5 per cent upper circuit to Rs 20.66 per share from its previous closing of Rs 19.68 per share with an intraday high of Rs 20.66 per share and an intraday low of Rs 19.99 per share. The stock’s 52-week high is Rs 52.88 per share and its 52-week low is Rs 15.10 per share. The shares of the company saw a spurt in volume by more than 1.22 times on BSE.
The Board of Directors of the Company, at its meeting, approved a proposal to raise up to Rs 49.75 crore through a rights issue of equity shares to eligible shareholders, subject to necessary regulatory approvals and other terms and conditions as may be determined by the Board. Issue and allotment of Equity Shares of face value of Re 1 each to the existing Equity Shareholders of the Company on a rights basis (Rights Issue), at such price and right entitlement ratio as may be decided by the Board of Directors.
Vipul Ltd, a prominent real estate company established in 1991, is part of the esteemed Vipul Group. With a strong track record, the company has delivered over 10 million square feet of properties to 7,000+ satisfied customers, primarily in Gurugram. Their diverse portfolio includes residential projects like Tatvam Villas and Vipul Greens, and commercial spaces like Vipul Business Park and Vipul Plaza. Expanding its reach, Vipul Ltd has undertaken projects in Bhubaneswar, Ludhiana, Dharuhera, Bawal, and Faridabad.
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According to Quarterly Results, the net sales increased by 110 per cent to Rs 15.70 crore in Q2FY25 compared to net sales of Rs 7.47 crore in Q2FY24. The company reported a net profit of Rs 1.11 crore in Q2FY25 compared to a net loss of Rs 17.09 crore in Q2FY24, an increase of 106 per cent. Looking at the half-yearly results, the net sales increased by 132 per cent to Rs 31.56 crore in H1FY25 compared to net sales of Rs 13.58 crore in H1FY24. The company reported a net profit of Rs 2.88 crore in H1FY25 compared to a net loss of Rs 32.41 crore in H1FY24, an increase of 109 per cent.
In the September 2024 quarter, FIIs bought 75,59,884 shares and increased their stake to 7.23 per cent compared to 1.87 per cent in the June 2024 quarter. The company has a market cap of Rs 291 crore and has delivered good profit growth of 188 per cent CAGR over the last 5 years. The shares of the company have a PE of 2x and an ROE of 100 per cent. The stock is up by 37 per cent from its 52-week low of Rs 15.10 per share. Investors should keep an eye on this low PE & high ROE penny stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.