Earnings per share (EPS) is a financial measure that calculates a company’s profit per outstanding share of common stock. It’s calculated by dividing net income by the weighted average shares outstanding.
A higher EPS indicates a more profitable company. It is a simple and easy-to-understand metric that can be used to compare the valuations of companies within the same industry or sector.
Here is the list of three stocks under Rs 500 with high EPS
Bharat Petroleum Corporation Ltd
Bharat Petroleum Corporation is a publicly-traded company that works in the marketing of petroleum products and the refining of crude oil.
On Friday, the share price of the company opened around 1 percent up Rs 440 from its previous close of Rs 435.7. The share price increased by 20 percent in six months and 31 percent in a year to date.
Bharat Petroleum Corporation Limited (BPCL) has Earnings Per Share of Rs 127, which is 28 percent of its current price. Furthermore, its price-to-earnings ratio of 3.44 is lower than that of its peer companies.
Looking at the company’s financial statements operating revenues fell 9.1 percent from Rs 1,28,355 crores in Q2FY23 to Rs 1,16,657 crores in Q2FY24, Furthermore, net profit increased 2,538 percent from a net loss of Rs 338 crores to a net profit of Rs 8,243 crores during the same period.
Hindustan Petroleum Corporation Ltd
Hindustan Petroleum Corporation Ltd is primarily involved in the refining and marketing of crude oil and petroleum products, the production of hydrocarbons, and the management of E&P blocks.
On Friday, the share price of the company opened by 0.2 percent up Rs 348.10 from its previous close of Rs 347.40 The share price increased by 34 percent in six months and 47 percent in a year to date.
Hindustan Petroleum Corporation Ltd has Earnings Per Share of Rs 117, which is 33.6 percent of its current price. Furthermore, its price-to-earnings ratio of 2.9 is lower than that of its peer companies.
Looking at the company’s financial statements operating revenues fell 11.7 percent from Rs 1,08,462 crores in Q2FY23 to Rs 95,752 crores in Q2FY24, Furthermore, net profit increased 335.3 percent from a net loss of Rs 2,476 crores to a net profit of Rs 5,827 crores during the same period.
Canara Bank
Canara Bank was established in Mangalore in 1906. Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, and Other Banking Operations are its segments. It has been in the industry for over a century and is a leader in the Indian banking community.
On Friday, the share price of the company closed 0.6 percent up Rs 405.50 from its previous close of Rs 403.05. The share price increased by 33.8 percent in six months and 30 percent in a year.
Canara Bank has Earnings Per Share of Rs 76.6, which is 18 percent of its current price. Furthermore, its price-to-earnings ratio of 5.40 is lower than that of its peer companies.
Looking at the company’s financial statements operating revenues rose 33 percent from Rs 20,482 crores in Q2FY23 to Rs 27,290 crores in Q2FY24, Furthermore, net profit increased 40 percent from Rs 2,730 crores to Rs 3,829 crores during the same period.
Written by Sriram KV
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
