Stocks with a strong fundamental foundation that are currently trading at their 52-week low
Stocks with a strong fundamental: Fundamentally strong stocks are shares of companies that are financially healthy and positioned for long-term growth. These stocks exhibit strong financial performance, solid earnings, low debt, a competitive market position, and effective management.
Investors often consider these stocks stable and less risky due to the consistent revenue growth, profitability, and potential for future success of the companies behind them.
Here are some fundamental stocks currently trading at a 52-week low:
Hero MotoCorp Limited – 52 Week Low: ₹3,997.50
Hero MotoCorp is a prominent Indian two-wheeler manufacturer known for its diverse range of motorcycles and scooters. The company holds a significant market share in India, offering fuel-efficient and reliable vehicles. Hero MotoCorp has a strong presence in both domestic and international markets. With a market capitalization of Rs. 82,449 crores, the shares of Hero MotoCorp Limited have decreased by 1.90 percent from the previous day’s closing price of Rs. 4,122.20, reaching a 52-week low of Rs. 3,997.50.
In Q2FY24-25, the company’s revenue increased by 10.05 percent from Rs 9,741.17 crore to Rs 10,721 crore, while net profit rose from Rs 1,006.31 crores to Rs 1,063.71 crore during the same period. Hero MotoCorp Limited boasts an impressive Return on Equity (RoE) of 21.77 percent, Return on Capital Employed (RoCE) of 28.75 percent, and a P/E ratio of 19.93. Additionally, the company’s debt-to-equity ratio stands at 0.03.
Hindustan Copper Ltd – 52 Week Low: ₹216.76
Hindustan Copper Ltd – 52 Week Low: ₹216.76
Hindustan Copper Limited (HCL) is a prominent public sector company in India, specializing in copper mining and production. The company operates one of the largest integrated copper mining and production facilities in the country. HCL is actively involved in the extraction, refining, and production of copper cathodes and other by-products, playing a vital role in meeting the increasing demand for copper across various industries.
With a market capitalization of Rs. 22,565 crores, the shares of Hindustan Copper Limited decreased by 5.6 percent from its previous day’s closing price of Rs. 233.13, reaching a 52-week low of Rs. 216.76. The company’s revenue surged by 40.12 percent from Rs. 392.55 crore to Rs. 550.05 crore in Q2FY24-25. Additionally, the net profit increased from Rs. 60.7 crores to Rs. 101.67 crore during the same period.
Hindustan Copper Limited boasts an impressive Return on Equity (RoE) of 16.71 percent, a Return on Capital Employed (RoCE) of 20.66 percent, and a P/E ratio of 56.09. Furthermore, the company maintains a low debt-to-equity ratio of 0.04.
IRCTC Ltd – 52 Week Low: ₹743.75
IRCTC (Indian Railway Catering and Tourism Corporation) is a public sector undertaking under the Ministry of Railways, offering a wide range of services related to rail travel, catering, and tourism. The company is renowned for revolutionizing India’s railway catering and ticketing systems, providing passengers with online ticketing services and offering catering services on trains.
With a market capitalization of Rs. 62,364 crores, the shares of IRCTC Limited declined by 4.
IRCTC Limited boasts an impressive Return on Equity (RoE) of 34.05 percent, a Return on Capital Employed (RoCE) of 44.84 percent, and a P/E ratio of 51.58. Additionally, the company maintains a low debt-to-equity ratio of 0.01.
Olectra Greentech Limited, with a 52 Week Low of ₹1,240, is a prominent Indian company specializing in the manufacturing and development of electric vehicles (EVs) and energy storage solutions. Renowned for its electric buses utilized across various states in India, Olectra also prioritizes clean energy solutions, including electric charging infrastructure. As a subsidiary of the MEIL Group, the company is dedicated to facilitating India’s transition to a greener and more sustainable future.
Despite a market capitalization of Rs. 11,112 crores, Olectra Greentech Limited experienced a 7 percent decline in its share price from the previous day’s closing of Rs. 1,352.95, reaching a 52-week low of Rs. 1,240.
In Q2FY24-25, the company witnessed a significant revenue increase of 69 percent, soaring from Rs. 310.28 crore to Rs. 526.18 crore. Simultaneously, net profit surged from Rs. 18.06 crores to Rs. 47.56 crore during the same period.
Olectra Greentech Limited maintains a Return on Equity (RoE) of 11.43 percent, a Return on Capital Employed (RoCE) of 16.91 percent, and a P/E ratio of 98.96. Furthermore, the company upholds a debt-to-equity ratio of 0.19.
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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.