Stocks with stronger financials and superior fundamentals are currently trading at an all-time discount. These businesses have a strong presence across the Indian market.
Here are four stocks trading at a 25 percent discount from their 52-week high price
Voltas Ltd:
Voltas has engaged in the manufacturing of air conditioning, refrigeration, and electro-mechanical business. The company shares are down by 25.21 percent from the 52-week high price of Rs 1,064.95
The company belongs to the mid-cap category with a market capitalization of Rs 26,345 crore.
Voltas shares closed at Rs 796.20 apiece on Friday, down 0.59 percent as compared to the previous closing levels of Rs 798.25.
As per company financials, Operating revenues increased by 47 percent from Rs 2,005 crores during Q3 to Rs 2,956 crores in Q4. Similarly, Net profit increased by 322 percent from a loss of Rs 77 crore to a profit of Rs 171 crore.
Crompton Greaves Consumer Electricals Ltd:
Crompton Greaves Consumer Electricals Limited is engaged in the manufacturing of electrical appliances. The stock is down 31.76 percent from its 52-week high price of Rs 429.
The company belongs to the mid-cap category with a market capitalization of Rs 18,710 crore. Crompton electrical shares closed at Rs 292.50 apiece on Friday, down 0.20 percent as compared to the previous closing levels of Rs 291.70.
As per company financials, Operating revenues increased by 18 percent from Rs 1,516 crores in Q3 to Rs 1,790 crores in Q4. Similarly, Net profit increased by 49 percent from Rs 88 crore to Rs 131 crore.
Page Industries Ltd:
Page Industries Ltd. is engaged in the manufacturing, distribution, and marketing of innerwear, sleepwear, and swimwear for men, and women under the brand name Jockey.
The stock is down 28.98 percent from its 52-week high price of Rs 54,329.
The company belongs to the mid-cap category with a market capitalization of Rs 43,018 crore. Page Industries shares closed at Rs 38,568 apiece on Friday, up 0.50 percent as compared to the previous closing levels of Rs 38,440.
As per company financials, Operating revenues increased by 23 percent from Rs 3,886 crores during FY 21-22 to Rs 4,788 crores in FY 22-23. Similarly, Net profit increased by 6.5 percent from Rs 536 crore to Rs 571 crore.
Clean Science and Technology Ltd:
Clean Science and Technology Ltd is the leading chemical manufacturer globally. The company manufactures Performance Chemicals, Pharmaceutical Intermediates and FMCG Chemicals.
The company shares are down by 30.23 percent from the 52-week high price of Rs 1,980.
The company belongs to the small-cap category with a market capitalization of Rs 14,702 crore.
Clean Science and Technology shares closed at Rs 1,383.95 apiece on Friday, up 1.50 percent as compared to the previous closing levels of Rs 1,368.55.
As per company financials, Operating revenues increased by 37 percent from Rs 684 crores during FY 21-22 to Rs 935 crores in FY 22-23. Similarly, Net profit increased by 33 percent from Rs 228 crore to Rs 303 crore.
Written By Omkar C
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