7 Penny Stocks With Strong ROE and ROCE to Look Out For
India, Oct. 25 -- With Q2 earnings season in full swing, most of the stocks in focus this week, including Hindustan Zinc, UltraTech Cement, Bajaj Finance and Eternal, trade well above Rs100. For investors who prefer the lower-priced end of the market, return ratios are a smarter filter than price alone. A company that earns high returns on its equity and capital is at least showing efficiency on paper.
ROE measures the profit a company generates on shareholders' equity. ROCE measures the profit earned on all capital employed, both debt and equity. Both above 20% is generally read as a sign of good capital use.
1. Baroda Extrusion
Shares of Baroda Extrusion were trading at Rs. 8.66, down 1.70% from previous close of Rs. 8.81. The stock ...
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