Over the last five years, its net earnings have risen at a rate of 86.99 per cent while the stock climbed more than 548 per cent.
The shares of High Energy Batteries are seen soaring on bourses, having risen by more than 55 per cent in just one month, greatly outpacing the near-term optimistic market performance. During Tuesday’s trading session, its shares surged more than 10 per cent on about 2.54 times the volume. The price volume breakout in this high-quality stock has piqued investors’ interests.
One of the reasons why the stock is soaring is that it will go ex-split on August 8, 2022. The face value of the company’s shares will be adjusted from Rs 10 to Rs 2.
Over the last five years, its net earnings have risen at a rate of 86.99 per cent while the stock climbed more than 548 per cent. The company, which has been reducing debt, comprises a history of delivering substantial profit growth. High Energy Battery is currently available at a PE multiple of 21 and a RoE of 32, reflecting excellent management efficiency.
High Energy Batteries (India) Ltd manufactures high-tech batteries for usage in army, navy, air force, and launch vehicles as well as commercial batteries for auto & standby VRLA applications.
Keep a close eye on this trending stock.