A company is said to be ‘fundamentally strong’ when it portrays a specific set of characteristics, viz, strong and consistent financial performance, low leverage ratios, and many more.
Listed below are some of the fundamentally strong stocks that are held by well-known ace investors that are currently trading at a discount of up to 40 percent compared to their 52-week high level:
Crisil Limited
With a market capitalization of Rs 31,713.44 crores, the stocks of Crisil Limited, a globally diversified analytical Company providing ratings, research, risk, and policy advisory services, closed their trading session on Friday at Rs 4,336.95, gaining approximately 0.80 percent compared to the previous closing level of Rs 4,301.40 apiece.
The company’s stock hit its 52-week high of Rs 5,268.50 in March 2024 and, comparing the current share price level with the same, it represents a discount of approximately 17.6 percent.
According to the latest shareholding pattern data of the company, Rekha Jhunjhunwala, one of the well-known ace investors based in India, holds a stake in Crisil Limited. Currently, she holds approximately 39.80 lakh equity shares equivalent to a 5.44 percent stake in the company. The current value of his/her holdings stands at around Rs 1,740 crores.
During the latest quarters, the company’s basic business indicators, viz, its operating revenues as well as after-tax profits, showed a dip in numbers with the former decreasing from Rs 918 crores during Q3FY24 to Rs 738 crores during Q4FY24 and the latter, during the same period, reducing from Rs 210 crores to Rs 138 crores.
Gensol Engineering Limited
With a market capitalization of Rs 3,391.90 crores, the stocks of Gensol Engineering Limited, engaged in the business of Solar consulting & EPC, closed their trading session on Friday at Rs 895.60, gaining approximately 2.60 percent compared to the previous closing level of Rs 872.95 apiece.
The company’s stock hit its 52-week high of Rs 1,376 in October 2023 and, comparing the current share price level with the same, it represents a discount of approximately 34.8 percent.
During the latest quarters, the company’s basic business indicators, viz, its operating revenues as well as after-tax profits, showed a jump in numbers with the former increasing from Rs 193 crores during Q2FY24 to Rs 201 crores during Q3FY24 and the latter, during the same period, jumping from Rs 16 crores to Rs 18 crores.
Precision Camshafts Limited
With a market capitalization of Rs 1,864.10 crores, the stocks of Precision Camshafts Limited, manufacturing and supplying camshafts within India and overseas, closed their trading session on Friday at Rs 196.25, gaining approximately 1.50 percent compared to the previous closing level of Rs 193.35 apiece.
The company’s stock hit its 52-week high of Rs 319 in September 2023 and, comparing the current share price level with the same, it represents a discount of approximately 38.6 percent.
According to the latest shareholding pattern data of the company, Mr. Vijay Kedia, one of the well-known ace investors based in India, holds a stake in Precision Camshafts Limited. Currently, he holds around 11 lakh equity shares equivalent to a 1.16 percent stake in the company. The current value of his holdings stands at Rs 22 crores.
During the latest quarters, the company’s basic business indicators, viz, its operating revenues as well as after-tax profits, showed a jump in numbers with the former increasing from Rs 254 crores during Q2FY24 to Rs 258 crores during Q3FY24 and the latter, during the same period, jumping three-fold from Rs 8 crores to Rs 24 crores.
Written by Amit Madnani
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