Lower to Upper Circuit: Investors should keep an eye on this low PE high ROE multibagger stock!

The stock gave multibagger returns of 1,444,43 per cent in less than 2 years with low PE of 4.98 per cent and high ROE of 65.71 per cent.

One of the Top Gainers on BSE today, shares of EKI Energy Services Ltd surged 10 per cent upper circuit to Rs 625.65 per share from its previous closing of Rs 568.80. The stock gave multibagger returns of 1,444.43 per cent in less than 2 years.   

Today in the pre-opening session the shares of company started the day touching a lower circuit but by the end of the day, heavy buying was witnessed with a spurt in volume by more than 8.07 times and locked in the upper circuit on BSE.   

EKI Energy Services Ltd has a market cap of Rs 1,721.23 crore. The company is engaged in the business of climate change & sustainability advisory and carbon offsetting, along with business excellence services. Today, shares of the company saw a spurt in volume by more than 8.07 times on BSE.   

The company has released its Quarterly Results (Q3) and they showed favourable numbers. The company did net sales of Rs 407 crore and a net profit of Rs 38 crore in Q3FY23. In FY22, net sales skyrocketed 842.41 per cent and net profit skyrocketed 1,915.79 per cent compared to FY21.  

The stock has a PE of 4.98 per cent whereas the sectoral PE is 22.5 per cent with an ROE of 65.71 per cent respectively. Investors should keep an eye on this Small-Cap multibagger stock.