Low PE penny stock under Rs 25 hit upper circuit as the company receives new orders from different industrial groups!
The shares of the company have PE of 12.9x whereas the industry PE is 31.4x.
Jiwanram Sheoduttrai Industries Limited manufactures and exports industrial safety gloves and garments. The company offers head-to-toe safety wear, work wear, casual wear, and personal protective equipment such as protective gloves, full-bodysuits, safety boots, elbow protectors, safety spectacles, and welding shields. Jiwanram Sheoduttrai Industries serves customers worldwide.
The company informed that it has received new orders of garments and gloves from different industrial groups. The said receipt of the above order would enhance the customer base and would contribute towards the profitability of the company. The orders received will be completed within the next 90 to 120 days.
On Friday, one of the Top Gainers on BSE, shares of Jiwanram Sheoduttrai Industries Limited hit 5 per cent upper circuit to Rs 21 per share from its previous closing of Rs 20 per share. The stock’s 52-week high is Rs 30 and its 52-week low is Rs 19.
The company has a market cap of Rs 52 crore. According to the annual results, the net sales increased by 24.2 per cent to Rs 42.32 crore and the net profit skyrocketed by 168.7 per cent to Rs 4.03 crore in FY23 compared to FY22.
The shares of the company have PE of 12.9x whereas the industry PE is 31.4x. 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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