Investing in stocks priced under Rs. 100 with a Price-to-Earnings (P/E) ratio below the industry average can be an attractive strategy for value-seeking investors. Such stocks may indicate potential undervaluation, offering opportunities for growth at a lower entry point. This approach allows investors to diversify their portfolios while managing risk effectively.
1. Mishtann Foods Limited
Mishtann Foods Limited is an Indian company that was established in 1981, specializing in the manufacturing and trading of basmati and raw rice, dal, wheat, and other food grains. The company focuses on quality leveraging modern processing techniques to meet consumer demands.
The company has a P/E ratio of 4.19 which is less than the Industry Average of 32.46. In Q2 FY25 Mishtann Foods reported a 7.54 percent year-over-year increase in revenue from operations to Rs.342 crore and a 23 percent increase in net profit to Rs.107 crore, in the same period.
In Wednesday’s trading session, the company’s share price were trading at Rs.14.20 per share, a 0.14 percent down from its previous close.
2. Morepen Laboratories Limited
Morepen Laboratories Limited is a pharmaceutical company that specializes in the manufacture of Active Pharmaceutical Ingredients and formulations. The company was established in 1984, it offers a range of healthcare products under brands like Dr. Morepen and Gubb. Morepen focuses on innovation and quality, exporting to over 80 countries.
The company has a P/E ratio of 33 which is less than the Industry Average of 33.87. In Q2 FY25, Morepen Laboratories Limited reported a 3.79 percent year-over-year increase in revenue from operations to Rs.438 crore and a 66 percent increase in net profit to Rs.35 crore, in the same period.
In Wednesday’s trading session, the company’s share price were trading at Rs.79.1 per share, a 1.05 percent down from its previous close.
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3. Paramount Communications Limited
Paramount Communications Limited is an Indian manufacturer of wires and cables and was established in 1955. The company specializes in telecom cables, power cables, and specialized cables for various sectors like railways, power, and telecommunications. Their business model focuses on providing cabling solutions, leveraging technological advancements to meet diverse client needs domestically and internationally.
The company has a P/E ratio of 21.3 which is less than the Industry Average of 37.2. In Q2 FY25, Paramount Communications reported a 41.2 percent year-over-year increase in revenue from operations to Rs.356 crore and a 5.26 percent increase in net profit to Rs.20 crore, in the same period.
In Wednesday’s trading session, the company’s share price were trading at Rs.67.9 per share, a 0.72 percent down from its previous close.
Written by Santhosh
Disclaimer
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