Multibagger stock below Rs 100: Investors should keep an eye on this low PE and high ROE stock

The stock gained multibagger returns of 288.54 per cent in just 6 months and over the course of a year, it generated returns of 955.36 per cent. 

Today, shares of Titan Intech surged 5 per cent upper circuit to Rs 61 per share from its previous closing of Rs 58.10 per share. The stock also traded at a new 52-week high of Rs 61 per share. In the recent trading sessions, heavy buying was witnessed in this stock hitting back-to-back upper circuits and 52-week highs. 

The stock has a PE multiple of just 8.49 whereas the sectoral PE multiple is 32.3 and an ROE of 67.24 per cent respectively. The stock gained multibagger returns of 288.54 per cent in just 6 months and over the course of a year, it generated returns of 955.36 per cent. 

Incorporated in 1984, Titan Intech Limited is a Small-Cap textile company having a market cap of Rs 14.5 crore. The company is engaged in the design and development of LED-based lighting products and electrical solutions & services. 

Talking about the financials, Titan Intech has recently declared Quarterly Results (Q3), wherein the company has reported excellent performance. In Q3FY23, net sales and net profit skyrocketed 168 per cent and 116.7 per cent respectively compared to the same quarter last year (Q3FY22). In FY22, net sales and net profit rose to 646.48 per cent and 317.78 per cent over FY22. 

Investors should keep an eye on this Low PE High ROE multibagger stock.