A company is said to be ‘fundamentally strong’ when it portrays a certain set of characteristics including strong & consistent financial performance, low leverage ratios, and many more.
Listed below are three such fundamentally strong stocks in the portfolio of Mr. Mukul Agrawal that one should add to their watchlist:
Transpek Industry Limited
With a market capitalization of Rs 1,056.40 crores, the stocks of Transpek Industry Limited, engaged in the manufacturing and export of a range of chemicals, closed at Rs 1,891.30 on Friday, gaining around 0.60 percent compared to the previous close of Rs 1,880.30 apiece.
Mr. Mukul Agrawal entered into the stocks of Transpek Industry Limited recently in the December 2023 quarter and currently holds around 1.19 lakh equity shares of the company equivalent to a 2.12 percent stake in the company.
During the recent financial quarters, the company’s prime indicators of business showed stellar performance with the operating revenues increasing from Rs 121 crores during the September 2023 quarter to Rs 148 crores during the December 2023 quarter, and the after-tax numbers, taking an upward shift drastically from Rs 3 crores to Rs 14 crores.
Nuvama Wealth Management Limited
With a market capitalization of Rs 14,624.84 crores, the stocks of Nuvama Wealth Management Limited, a leading investment firm in the area of private equity, real assets, credit & markets, etc, closed at Rs 4,146 on Friday, gaining around 0.30 percent compared to the previous close of Rs 4,133.80 apiece.
Mr. Mukul Agrawal entered into the stocks of Nuvama Wealth Management Limited recently in the December 2023 quarter and currently holds 5 lakh equity shares of the company equivalent to a 1.42 percent stake in the company.
During the recent financial quarters, the company’s prime indicators of business showed stellar performance with the operating revenues increasing from Rs 735 crores during the September 2023 quarter to Rs 841 crores during the December 2023 quarter, and the after-tax numbers, taking an upward shift from Rs 145 crores to Rs 176 crores.
Surya Roshni Limited
With a market capitalization of Rs 6,339.19 crores, the stocks of Surya Roshni Limited, one of India’s largest Pipe producers and exporters, closed at Rs 582.55 on Friday, slipping around 3 percent compared to the previous close of Rs 600.90 apiece.
Mr. Mukul Agrawal entered into the stocks of Surya Roshni Limited in September 2022 and currently, as per the December 2023 quarter, he holds 15 lakh equity shares of the company equivalent to a 1.38 percent stake in the company.
During the recent financial quarters, the company’s prime indicators of business showed stellar performance with the operating revenues increasing marginally from Rs 1,916 crores during the September 2023 quarter to Rs 1,938 crores during the December 2023 quarter, and the after-tax numbers, taking an upward shift from Rs 76 crores to Rs 90 crores.
Written by Amit Madnani
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