Skip to main content

Penny has caught the attention of investors in the stock market


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.

Penny has caught the attention of investors in the stock market
Penny stocks 


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.
Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

What are the retirement expectations of Indian youth?

A majority of the Indian youth want to retire early and are expecting a large pension, a study has revealed.    Retirement plan Retirement preferences of Indian youth In a survey conducted by Grant Thornton Bharat among various stakeholders across India to find out about retirement planning, more than 55 percent of the participants said that they expect a pension of more than Rs 1 lakh per month during retirement. However, it has also been revealed that the savings they have made are not enough to compensate for this. This study reveals that there is a huge gap between pension preferences and retirement planning.  Most of the participants in the study said that they want to retire before the age of 45 to 55. However, they rely on traditional means such as provident fund, national pension scheme, and gratuity for retirement planning. More than 76 percent of the participants in the study said that they have not invested in annuity plans. The study emphasizes ...
Post a Comment
Read more

What is the new rule of bank locker agreement

The bank locker facility helps in keeping gold jewelry, money, important documents, etc. safe. Those who use the locker service must sign a renewed agreement.    Bank locker How to avoid the risk of bank locker service being suspended? Those who have not yet signed the renewed agreement should do so immediately, banks are reminding them. If the renewed agreement is not signed, there is a risk of the locker service being suspended. Let's see the important aspects related to locker agreement renewal.   Locker Agreement: The Reserve Bank of India ordered in 2021 that a new rental agreement should be obtained from the beneficiaries using locker services. The Reserve Bank took this step considering customer complaints, technical aspects, and Supreme Court guidelines. Extension of deadline: The objective of the locker renewal agreement is to improve transparency and security regarding the operation of the locker service. The deadline for this was extended twic...
Post a Comment
Read more

No tax on gold, gold prices plummet

New Delhi, Aug. 13-Gold prices fell by nearly two percent in the international market yesterday after US President Trump announced that there would be no tax on gold. Gold price gold price fall reasons The US Customs Department issued a statement last week that the tax would also apply to gold bars . Following this, prices rose sharply. The price of one ounce of gold, i.e. about 28.35 grams, reached a new high of Rs 3 lakh. White House sources said at the time that the tax would be applicable and that an official clarification would be made soon. Following this, Trump announced on his Truth Social social networking site the day before yesterday that 'there will be no tax on gold '. This announcement allayed investors' fears regarding price hike, leading to high selling of gold. Following this, the price of one ounce of gold fell below Rs 2.90 lakh. The international market situation was also reflected in India. In the last 2 days in Chennai, the price of 22-ka...
Post a Comment
Read more