State Bank of India (SBI), a prominent public-sector bank in India, plays a pivotal role in the country’s financial landscape. As a government-owned institution, SBI offers a wide array of banking and financial services, contributing significantly to India’s economic development and financial inclusion.
Low debt denotes a financial situation in which a corporation has a small amount of borrowed money relative to its equity and assets. This smart financial strategy improves stability, lowers financial risk, and gives firms more freedom to invest and overcome economic crises.
Havells India Ltd.
Havells India Limited is a global leader in fast-moving electrical goods (FMEG) and power distribution equipment manufacturing. It has an enviable market share across a wide range of goods, including Industrial & Domestic Circuit Protection Devices and many more.
With a market capitalization of Rs 94,955.01 crore, the shares were trading at Rs 1515.20 per share, decreasing around 1.28 percent as compared to the previous closing price. The company has a low debt of 0.04.
State Bank of India bought 82,34,432 equity shares in the company which is equivalent to 1.31 percent stake in December 2023.
The company’s revenue stood at Rs 4,414 crore in Q3FY24, during the same time frame, net profit stood at Rs 288 crore.
DOMS Industries Ltd
DOMS Industries Limited is a stationery and art product firm that designs, develops, manufactures, and sells a wide range of items under its flagship brand, DOMS.
With a market capitalization of Rs 9,382.25 crore, the shares were trading at Rs 1,546.00 per share, decreasing around 0.48 percent as compared to the previous closing price. The company has a low debt of 0.41.
State Bank of India bought 40,49,424 equity shares in the company which is equivalent to 6.67 percent stake in December 2023.
The company’s revenue stood at Rs 372 crore in Q3FY24, during the same time frame, net profit stood at Rs 39 crore.
Flair Writing Industries Ltd
Flair Writing Industries (Flair) develops and manufactures writing instruments and is one of the top three participants in the entire writing instrument business.
With a market capitalization of Rs 2,944.22 crore, the shares were trading at Rs 279.35 per share, increasing around 0.63 percent as compared to the previous closing price. The company has a low debt of 0.25.
State Bank of India bought 12,53,580 equity shares in the company which is equivalent to 1.19 percent stake in December 2023.
The company’s revenue stood at Rs 215 crore in Q3FY24, during the same time frame, net profit stood at Rs 21 crore.
Written by:- Abhishek Singh
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