Low PE and high ROE stock: This micro-cap company bags new order for 250 laptops from an International Broadcasting Channel; scrip gains 8 per cent!
The stock is up by 15 per cent in 6 months and over 60 per cent in 1 year.
On Monday, one of the Top Gainers on BSE, shares of Silicon Rentals Solutions Ltd gained 8.30 per cent to Rs 178 per share from its previous closing of Rs 164.35. The stock’s 52-week high is Rs 200 and its 52-week low is Rs 107.5. The shares of the company saw a spurt in volume by more than 3 times on BSE.
The sudden rise in the stock price is due to the company has secured a significant order of 250 laptops on rent -to- purchase basis, inclusive of essential services from an International Broadcasting Channel for a period of one year
Silicon Rentals Solutions Limited is an IT equipment outsourcing company founded in 2016. They offer a wide range of IT products and peripherals on a rental basis to businesses of all sizes across India. Their services include laptops, desktops, printers, servers, CCTV cameras, projectors, storage devices, and more.
The company has a market cap of Rs 180 crore. The shares of the company have a PE of 17x, an ROE of 31.4 per cent and an ROCE of 34.6 per cent. Through effective debt management, the company has brought its debt down to a negligible level of Rs 1.88, representing a mere 1.04 per cent of its current market cap.
The stock is up by 15 per cent in 6 months and over 60 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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