BlackRock’s Top Picks: 3 Discounted Stocks Trading 30% Below Value!
BlackRock, Inc. is a leading asset management firm that offers a wide range of investment management, risk management, and advisory services. The company also holds a significant stake in many large corporations, giving it a strong presence in the global financial market.
Below is a list of stocks held by BlackRock that are currently trading at a discount of up to 30 percent, which you may want to consider adding to your watchlist:
1. Syrma SGS Technology Limited:
Syrma SGS Technology Limited is an engineering and design company specializing in electronics manufacturing services. They provide integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.
With a market capitalization of Rs. 9,844 Crores, Syrma SGS Technology Limited’s shares were trading at Rs. 552.50 per equity share, representing a 2.6 percent increase from the previous day’s closing price of Rs. 538.40. The stock hit its 52-week high price of Rs. 646.50 on January 6, 2025, and is currently trading at a 15 percent discount.
Blackrock Global Funds – India Fund holds a 1.34 percent stake in Syrma SGS Technology Limited, consisting of 23.86 Lakh equity shares. The company’s revenue from operations increased by 16.95 percent from Rs. 720.63 Crores in Q2FY24 to Rs. 842.77 Crores in Q2FY25, with profits rising from Rs. 28.35 Crores to Rs. 36.24 Crores.
2. Premier Energies Limited:
Premier Energies Limited is a key player in the solar ecosystem, manufacturing and supplying integrated solar cells and solar panels. Their product portfolio includes Cell, Solar Modules, Monofacial and Bifacial modules, EPC Solutions, and O&M Solutions
Premier Energies Limited reached its 52-week high price of Rs. 1,387.10 on December 17, 2024. Currently, it is trading at a discounted price of Rs. 1,169, representing a 16 percent decrease.
The National Pension Service, managed by BlackRock Institutional Trust Company, invested approximately Rs. 29.74 Crores in Premier Energies Limited during its IPO through the anchor book. The company’s revenue from operations surged by 120 percent from Rs. 694 Crores in Q2FY24 to Rs. 1,527 Crores in Q2FY25, resulting in profits increasing from Rs. 53 Crores to Rs. 206 Crores.
TeamLease Services Limited specializes in employment-related services, offering solutions for staffing, recruitment, training, payroll processing, and regulatory compliance. With a market capitalization of Rs. 4,499 Crores, the company’s shares were trading at Rs. 2,682.95 per equity share, a slight decrease of 0.86 percent from the previous day’s closing price of Rs. 2,706.10.
TeamLease Services Limited hit its 52-week high price of Rs. 3,692.45 on May 22, 2024, and is currently trading at a 27 percent discount compared to its current market price of Rs. 2,682.95. Blackrock Global Funds – India Fund holds a 1.58 percent stake consisting of 2.64 Lakh equity shares in TeamLease Services Limited. The company’s revenue from operations grew by 22.83 percent from Rs. 2,285.64 Crores in Q2FY24 to Rs. 2,807.52 Crores in Q2FY25, with profits decreasing from Rs. 27.27 Crores to Rs. 24.58 Crores.
Waaree Energies Limited is the leading solar
With a market capitalization of Rs. 75,986 Crores, Waaree Energies Limited’s shares were trading at Rs. 2,645 per equity share, marking a 1.36 percent increase from the previous day’s closing price of Rs. 2,609.55.
Waaree Energies Limited reached its 52-week high price of Rs. 3,740.75 on November 6, 2024. Currently, it is trading at a discount of 30 percent compared to its high, with a market price of Rs. 2,645.
BlackRock Institutional Trust Company and the National Pension Service have invested approximately Rs. 31.75 Crores in Waaree Energies Limited during its IPO through the anchor book.
The company’s revenue from operations increased by 1.05 percent from Rs. 3,537 Crores in Q2FY24 to Rs. 3,574 Crores in Q2FY25. This growth was accompanied by a rise in profits from Rs. 320 Crores to Rs. 376 Crores.
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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.