Anil Kumar Goel Bought 44,000 Share; This Textile Industry Low PE Stock Surged Over 6% on Wednesday

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Anil Kumar Goel Bought 44,000 Share; This Textile Industry Low PE Stock Surged Over 6% on Wednesday

In the last 3 months, the stock price has surged over 15 per cent,t while in the last 12 months it is down more than 6 per cent.

Today, the Indian benchmark indices ended the trading session in the green, the BSE Sensex Index up 0.66 per cent at 82,727 and the NSE Nifty-50 Index up 0.63 per cent at 25,220.

The overall market was up, and the multibagger micro-cap stock was trending on the exchange. At the closing bell, shares of the company were trading at Rs 189 per share, up 6.59 per cent. The stock’s 52-week high is Rs 265 per share, and its 52-week low is Rs 144 per share.  

The stock name is Amarjothi Spinning Mills Ltd.

Smallcap czar Anil Kumar Goel added more shares of this company to his portfolio. In the June quarter, Anil Kumar Goel increased his stake in the company from 6.27 per cent to 6.77 per cent, added 44,000 new shares to the portfolio.

Amarjothi Spinning Mills Ltd. is a holding company which engages in the manufacture and sale of yarn. Its products include blended and non-blended melange yarns, Fabric, and shades. The company was founded on December 16, 1987 and is headquartered in Tirupur, India. 

Currently, the shares of the company are trading at a low PE of 11.4x while it is trading at 0.66x its book value. In the last 3 months, the stock price has surged over 15 per cent,t while in the last 12 months it is down more than 6 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.