Many traders at all times search for concepts to spend money on low priced shares it’s no matter market situations. For instance within the present market state of affairs when the value of just about each inventory is up, there’s a dearth of shares which are buying and selling under Rs 10 and there’s a higher set off for the corporate.
SE Energy is one such firm that’s headquartered in Vadodara (Gujarat). The corporate was shaped to interact within the enterprise of manufacturing, manufacturing, producing and supplying all types of energy and power. The share worth of this firm has elevated by greater than 20 per cent within the final one month. However, within the final yr, it’s up by nearly 365 per cent. Even yr until date it’s up by greater than 190 per cent.
For the quarter ending June 2021, Promoters and FIIs each have elevated their stake within the firm. Promoters elevated their stake from 30.74 per cent on the finish of March 2021 to 35.6 per cent on the finish of the June 2021 quarter. FIIs in the identical interval have elevated their stake by 4.99 per cent to 12.21 per cent on the finish of the quarter ending June 2021.
The corporate is each BSE and NSE listed. A phrase of warning for many who could also be tempted to take publicity to such counter is, such shares are largely illiquid. This implies they’re traded in little or no amount, and therefore few orders can result in hitting the circuit restrict on the trade. When the market goes good they may give you distinctive returns, nonetheless, as soon as the market turns into nervous or not in a bullish tone, you’ll have an issue in offloading them.