A company is said to be ‘fundamentally strong’ when it portrays a specific set of characteristics such as lower leverage ratios, strong as well as consistent financial performance, and many more.
Listed below are three such fundamentally strong large-cap stocks under Rs 500 that one should add to their watchlist:
Coal India Limited
With a market capitalization of Rs 2.65 lakh crores, the stocks of Coal India Limited, engaged in the business of mining and production of coal and operating coal washeries,
On Friday shares closed at Rs 431,slipping approximately 0.17 percent as compared to the previous closing levels of Rs 431.95 apiece.
According to the latest data available, the debt-to-equity ratio of the company stands at 0.09 times.
During the recent financial quarters, the company’s prime indicators of business, i.e., its operating revenues as well as after-tax profits, showed a jump in numbers with the former taking a shift from Rs 32,776 crores during Q2FY24 to Rs 36,154 crores during Q3FY24 and the latter, keeping the timeframe the same, took a shift from Rs 6,814 crores to Rs 9,094 crores.
NMDC Limited
With a market capitalization of Rs 59,697 crores, the stocks of NMDC Limited, mainly engaged in the exploration and production of Iron Ore,
On Friday shares closed at Rs 204, slipping approximately 2.04 percent as compared to the previous closing levels of Rs 207.95 apiece.
According to the latest data available, the debt-to-equity ratio of the company stands at 0.09 times.
During the recent financial quarters, the company’s prime indicators of business, i.e., its operating revenues as well as after-tax profits, showed a jump in numbers with the former taking a shift from Rs 4,014 crores during Q2FY24 to Rs 5,410 crores during Q3FY24 and the latter, keeping the timeframe the same, took a shift from Rs 1,026 crores to Rs 1,482 crores.
ITC Limited
With a market capitalization of Rs 5.34 lakh crores, the stocks of ITC Limited, the largest cigarette manufacturer and seller in India,
On Friday shares closed at Rs 428, gaining approximately 1.71 percent as compared to the previous closing levels of Rs 421.25 apiece.
According to the latest data available, the company has a ‘nil’ debt-to-equity ratio.
During the recent financial quarters, the company’s prime indicators of business, i.e., its operating revenues as well as after-tax profits, showed a jump in numbers with the former taking a shift from Rs 17,774 crores during Q2FY24 to Rs 18,019 crores during Q3FY24 and the latter, keeping the timeframe the same, took a shift from Rs 4,965 crores to Rs 5,407 crores.
Written by Amit Madnani
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