Fundamentally strong stocks are companies that have a strong foundation, and solid management. These stocks are likely to continue performing well by adapting to challenging market conditions and changing trends.
Here are some fundamentally strong stocks that can be picked for your watchlist
De Nora India
De Nora India Limited is engaged in the manufacturing, refurbishing, and selling of Cathode and anode, electro chlorinators, and Cathodic Protection Systems
In the day’s trade, On December 26, 2023, the shares of De Nora India Limited were trading at Rs. 1,558, down 0.17 percent from its previous day’s close price of Rs. 1,560.15, and its market capitalization is Rs. 825 Crores. It has delivered multi-bagger returns of 147 percent in a year.
The company’s revenue declined by 0.8 percent from Rs. 74.17 Crores in FY22 to Rs. 73.58 Crores in FY23, accompanied by increasing profits of Rs. 15.45 Crores to Rs. 20.28 Crores.
It has reported a return on equity (ROE) of 22.09 percent and a return on capital employed (ROCE) of 29.68 percent, it is making good returns on its equity and capital employed.
Pentagon Rubber
Pentagon Rubber Limited is engaged in the manufacturing of Rubber Conveyor belts, Transmission belts, Rubber Sheets, and Elevator belts.
In the day’s trade, the shares of Pentagon Rubber Limited were trading at Rs. 114.25, up 0.09 percent from its previous day’s close price of Rs. 114.15, and its market capitalization is Rs. 88 Crores.
The company’s revenue from operations grew 23.7 percent from Rs. 35.03 Crores in FY22 to Rs. 43.18 Crores in FY23, accompanied by increasing profits of Rs. 2.97 Crores to Rs. 3.1 Crores.
It has reported a return on equity (ROE) of 44.19 percent and a return on capital employed (ROCE) of 22.12 percent, it is making good returns on its equity and capital employed.
Global Education
Global Education Limited is engaged in providing educational and consultancy services which include educational training, development activities, and educational business support.
In the day’s trade, the shares of Global Education Limited were trading at Rs. 311.65, up 0.94 percent from its previous day’s close price of Rs. 308.75, and its market capitalization is Rs. 629 Crores.
The company’s revenue from operations grew 57.31 percent from Rs. 39.4 Crores in FY22 to Rs. 61.98 percent in FY23, accompanied by increasing profits of Rs. 10.85 Crores to Rs. 22.59 Crores.
It has reported a return on equity (ROE) of 40.32 percent and a return on capital employed (ROCE) of 54.13 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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.
