RO Jewels Ltd has joined the list of penny stocks that caught the attention of investors in the stock market today. Share price of RO Jewels Ltd today fell 6.31 percent to Rs 3.65 from its previous close of Rs 3.90 this morning.
Just 5 rupees is enough, You can become a partner of gold jewelry company
RO Jewels Ltd has joined the list of penny stocks that caught the attention of investors in the stock market today. Its share price fell 6.31% to Rs 3.65 from its previous close of Rs 3.90 this morning.
Penny stocks are shares of companies that trade at a low price, typically below Rs 10. They are often considered to be risky investments, but they can also offer the potential for high returns.
The company recently released its second quarter results. Out of which the company has net sales of Rs 19.87 crore, operating profit of Rs 0.35 crore and net profit of Rs 0.21 crore.
According to the annual results, net sales increased by 918 percent to Rs. 506.62 crore and net profit rose 1,047 per cent to Rs 2.01 crore in FY23. The company has a market cap of Rs 19.50 crore with a 3-year share price CAGR of 28 percent.
The stock has a PE of 5.90x, whereas the sector PE is 39x, ROE is 20 percent and ROCE is 21 percent. Earlier, the company's share split was from 10 shares of face value of Rs.10 each to 5 shares of face value of Rs.2 each. The demerger was effective from March 17, 2023.
This stock has given multipacker returns of more than 130 percent in 2 years. Hence, investors should keep an eye on this micro-cap stock during this bearish period.
There are a number of reasons why investors might be interested in penny stocks. Some investors believe that they can find undervalued gems among penny stocks. Others are attracted to the potential for high returns. Still others simply enjoy the excitement of trading in penny stocks.
RO Jewels Ltd (RO Jewels Ltd - BSE: 543171) manufactures and sells gold-based chains, bangles, gold/silver bars and necklaces.
However, it is important to remember that penny stocks are risky investments. Many penny stocks are thinly traded, meaning that there may not be a lot of buyers or sellers for the stock. This can make it difficult to buy or sell the stock at a good price. Additionally, many penny stocks are issued by companies that are not well-established and may have a history of losses.
If you are considering investing in penny stocks, it is important to do your research and understand the risks involved. You should also only invest what you can afford to lose.
This article is for informational purposes only and is not intended as investment advice.
Comments
Post a Comment
Like this 22k jewelers blog?