The relationship between a company’s stock price and earnings per share (EPS) is characterized by the price-earnings ratio (P/E Ratio). It is a popular ratio that helps investors understand the worth of the company. The price you must pay per unit of current earnings is indicated by the P/E ratio, which is also an indicator displaying market expectations.
Multibagger Stocks are those that have returned over 100% in the past year, meaning if you invested Rs. 1 lakh into a multibagger, it should have made your position worth Rs. 2 lakh or more.
Here are 3 Multibagger Construction Stocks with Low P/E:
Welspun Enterprises Ltd:
Shares of Welspun are trading at Rs. 286.90, up 2.9% from Rs. 278.80 at previous closing. The company has a market cap of Rs. 3,971 crore and 10% away from its 52 week high. The stock’s volumes today are over 0.5x the weekly average volumes.
Welspun Enterprises is part of the USD 2.7 billion dollar Welspun group and concentrates on the road and water sectors in the infrastructure space. As a developer, the company primarily focuses on Hybrid Annuity Model (HAM) projects, but it also accepts value-adding projects in the BOT-Toll and EPC sectors.
The company has returned 124% in the last 1 year period and 72% YTD. The company also has a low P/E of 4.89.
Peninsula Land Ltd:
Shares of Peninsula Land are trading at Rs. 37.81, up 4.85% from Rs. 36.06 at previous closing. The company has a market cap of Rs. 1,111 crore and 4% away from its 52 week high. The stock’s volumes today are over 1.5x the weekly average volumes.
Peninsula Land is a fully integrated real estate business. It belongs to the Ashok Primal Group. The company creates residential complexes, commercial projects, and retail ventures.
The company has returned 217% in the last 1 year period and 190% YTD. The company also has a low P/E of 13.28.
RPP Infra Projects Ltd:
Shares of R.P.P. Infra are trading at Rs. 77.90, up 1.4% from Rs. 76.46 at previous closing. The company has a market cap of Rs. 293 crore and 8% away from its 52 week high. The stock’s volumes today are around 0.2x the weekly average volumes.
The 1995-founded RPP Infra Projects Limited carries out construction work for a variety of infrastructure sectors, including roads, buildings, industrial structures, power, irrigation, and waste management.
The company has returned 114% in the last 1 year period and 91% YTD. The company also has a low P/E of 8.92.
Written by Sandeep R
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