Multibagger in just 1 year: Investors should keep an eye on this low PE and high ROE stock

The stock had a PE multiple of 9.24 whereas the sectoral PE multiple is 24.9 and an ROE of 20.72 per cent.

One of the Top Gainers on BSE today, shares of Nitta Gelatin India Ltd skyrocketed 10 per cent upper circuit and achieved an upper price band of Rs 652.75 per share from its previous closing of Rs 593.45.   

The reason behind the sudden rise in stock price is due to fantastic results that the company reported in the December quarter (Q3). The operating profit rose 72.72 per cent and the net profit skyrocketed 123.1 per cent. In FY22, net sales rose by 27.78 per cent and net profit rose by 94.45 per cent over FY21.  

Nitta Gelatin India Ltd has a market cap of Rs 593 crore. The company primarily manufactures and sells ossein, gelatin and collagen peptide. Today, shares of the company saw a spurt in volume by more than 1.50 times on BSE.  

The stock has a 52-week high of Rs 785 and a 52-week low of Rs 534.15. The Small-Cap stock had a PE multiple of 9.24 whereas the sectoral PE multiple is 24.9 and an ROE of 20.72 per cent. In just 1 year the stock gave multibagger returns of 116.50 per cent. Keep an eye on this chemical company stock for upcoming trading sessions.