Discover 5 fundamentally strong stocks currently trading at a discount of up to 67% – perfect additions to your watchlist
5 Strong stocks: There are times when a company’s strong financial position and competitive advantages are not accurately reflected in the market price. This occurs when the company is trading at a discounted value below its fair value. In such instances, these stocks have the potential to offer significant gains in the long run as the market corrects itself over time.
Here are two fundamentally strong stocks trading at a discount of up to 67% that you may want to consider adding to your watchlist:
1. Network People Services Technologies Limited
Network People Services Technologies Limited specializes in providing software and digital payment solutions to the Banking and Fintech sector.
The company reached its 52-week high in August 2024 at Rs 3,577 per share. Comparing this with the current stock price of Rs 2,470, there is a discount of approximately 30.94%.
With a market capitalization of Rs 4,802.88 crores, the company boasts an RoE of 54.49% and a RoCE of 72.14% in Q2FY24. Additionally, with a debt-to-equity ratio of 0, the company maintains a debt-free status.
2. Sathlokhar Synergys E&C Global Limited
Sathlokhar Synergys E&C Global Limited offers EPC services for infrastructure facilities. The company has successfully completed 28 projects and has 18 ongoing projects, catering to a diverse range of clients including hospitals, hotels, solar, and warehouse projects.
The company reached its 52-week high in September 2024 at Rs 695.45 per share. Comparing this with the current stock price of Rs 476, there is a discount of approximately 31.5%.
With a market capitalization of Rs 1,148.97 crores, the company holds an RoE of 25.81% and a RoCE of 35.5% in Q2FY24. Furthermore, with a debt-to-equity ratio
3. Garden Reach Shipbuilders & Engineers Limited
Garden Reach Shipbuilders & Engineers Limited is a prominent shipbuilding company in India that primarily caters to the shipbuilding needs of the Indian Coast Guard and Indian Navy.
The company reached its 52-week high in July 2024 at Rs.2,833.80 per share. Comparing this with the current stock price of Rs 1,502.40, there is a discount of approximately 46.9 percent.
With a market capitalization of Rs 17,210.29 crores, the company boasts an RoE of 20.89 percent and a RoCE of 28.42 percent in Q2FY24. In terms of liquidity ratios, the company has a debt-to-equity ratio of 0.01.
4. Godfrey Phillips India Limited
Godfrey Phillips India Limited is a leading FMCG company in India that primarily generates revenue through the manufacturing of cigarettes, smoking tobacco, and cigars. The non-tobacco segment includes the distribution of confectionery, including Ferrero products.
The company reached its 52-week high in September 2024 at Rs 8,480 per share. Comparing this with the current stock price of Rs 4,206.55, there is a discount of approximately 50.39 percent.
With a market capitalization of Rs 21,871.50 crores, the company holds an RoE of 19.18 percent and a RoCE of 19.63 percent in Q2FY24. In terms of liquidity ratio, the company has a debt-to-equity ratio of 0.05.
5. Waaree Renewable Technologies Ltd
Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Limited, is engaged in EPC activities for power generation through renewable energy sources. They have a strong presence in 13 major locations across the country and have successfully executed over 10,000 solar projects.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.