Companies with a market value of Rs 48,900 crore or more are classified as large-caps. These are stocks of well-known companies with a large market share with excellent track records. Such a large-cap stock has minimal risks, and modest rewards, is expensive, and is liquid in nature.
Here are three Large Cap stocks trading at a discount of up to 18% from their 52-week high
Avenue Supermarts Ltd
Avenue Supermarts is primarily engaged in the business of organised retail and operates supermarkets under the brand name D-Mart.
The company shares are down by 17 percent from the 52-week high price of Rs 4,606.15.
With a market valuation of Rs 2,47,070 crore, the Avenue Supermarts belongs to a Large-cap category. On Wednesday, the stock closed at Rs 3,796.80 a share, up 0.53 percent over the previous close price.
Avenue Supermart’s profitability ratios have slightly improved with a return on equity of 14.79 percent and a return on capital employed at 18.79 percent. Consequently, the company’s net profit margin has increased to 5.55 percent and its operating margin is 7.30 percent.
The company’s revenue increased 18 percent yearly, from Rs 10,038 crore in FYQ1FY23 to Rs 11,865 crore in Q1FY24. Net profit has grown by 2 percent, from Rs 642 crore to Rs 658 crore.
Pidilite Industries Ltd
Pidilite Industries Limited is a significant maker of adhesives and sealants, craftsman goods, DIY products, and polymer emulsions in India. The company’s most well-known brands include Fevicol, Fevikwik, Fevicryl, Motomax, Hobby Ideas, and Araldite.
The company shares are down by 14 percent from the 52-week high price of Rs 2,918.25.
The company belongs to the Large-cap category with a market capitalization of Rs 1,27,237 crore. The share closed at Rs 2,502.40 a share on Wednesday, up 0.45 percent from the previous close price.
Profitability numbers at Pidilite Industries have been consistent over the years, with a return on equity of 17.65 percent and a return on capital employed at 21.74 percent. Consequently, the company’s net profit margin is 10.86 percent and its operating margin is 14.95 percent.
The company’s revenue increased 5 percent yearly, from Rs 3,101 crore in FYQ1FY23 to Rs 3,275 crore in Q1FY24. Net profit has grown by 34 percent, from Rs 354 crore to Rs 474 crore.
Bajaj Finserv Ltd
Bajaj Finserv Ltd is engaged in the business of life insurance, general insurance, and consumer financing sectors. In addition to financial services, the company is involved in wind energy business.
The company shares are down by 18 percent from the 52-week high price of Rs 1,844.
The company belongs to the Large-cap category with a market capitalization of Rs 2,41,821 crore. The share closed at Rs 1,518.20 a share on Wednesday, up 0.50 percent from the previous close price.
Bajaj Finserv’s profitability ratios have slightly improved with a return on equity of 13.82 percent and a return on capital employed at 13.70 percent. Consequently, the company’s net profit margin has increased to 14.87 percent and its operating margin is 35.34 percent.
The company’s revenue increased 46 percent yearly, from Rs 15,888 crore in FY Q1FY23 to Rs 23,279 crore in Q1FY24. Net profit has grown by 44 percent, from Rs 2,578 crore to Rs 3,706 crore.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
