Promoters sold 98,796 shares: Low PE penny stock under Rs 20; Board approves Rs 8 crore rights issue
Promoters sold 98,796 shares: Low PE penny stock under Rs 20; Board approves Rs 8 crore rights issue

Promoters sold 98,796 shares: Low PE penny stock under Rs 20; Board approves Rs 8 crore rights issue

The stock is up by 33 per cent from its 52-week low of Rs 9.40 per share with a PE of 9x whereas the industry PE is 40x.

Kiran Shroff Article rating: 4.0

The stock is up by 33 per cent from its 52-week low of Rs 9.40 per share with a PE of 9x whereas the industry PE is 40x.

PE at 1.5x: 10,000 per cent Revenue Growth and 980 per cent Profit Increase – Is a Zomato-like Rally Possible for This Penny Stock?
PE at 1.5x: 10,000 per cent Revenue Growth and 980 per cent Profit Increase – Is a Zomato-like Rally Possible for This Penny Stock?

PE at 1.5x: 10,000 per cent Revenue Growth and 980 per cent Profit Increase – Is a Zomato-like Rally Possible for This Penny Stock?

The stock’s market cap is about Rs 91 crore, and it trades at a PE of 1.53x with an ROCE of 78.4 per cent.

Karan Dsij Article rating: 4.1

Low PE, High ROCE: Penny Stock Reports Robust Financial Results – Is a Zomato-like Rally Possible?

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