Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended in the red for the 7th straight session on the day on Thursday. The BSE Sensex fell 188 points or 0.3 per cent to end at 56,410, while NSE Nifty 50 slipped 40.50 points or 0.24 per cent to settle at 16818.
Here are 3 fundamentally strong stocks to watch out for amid market volatility:
Tanla Platforms Limited
The shares of Tanla Platforms Limited inched up by 1.7 per cent and closed at Rs 774 on Thursday. In the last five days, the stock has zoomed by approximately 3 per cent. Over the last two months, the stock has gained approximately 33 per cent.
In Q1FY23, the company earned a total revenue of Rs 800 crores up from Rs 626 crores in the same quarter a year earlier. In the previous quarter, their total revenue stood at Rs 853 crores.
Their net profit in the quarter ended June FY23, stood at Rs 100 crores which is a decline from Rs 104 crores in Q1FY22. In the March quarter, their net profit stood at Rs 140 crores.
The market capitalization of the company stood at Rs 10,483 crores and the dividend yield was at 0.26% as on September 29th, 2022. The TTM PE of the company is 19.59 which is undervalued as compared to the sector PE of 27.
Tanla Platforms Limited, previously known as Tanla Solutions Ltd, is a cloud communications company. It also stands as India’s largest Communications Platform as a Service (CPaaS) company.
Latent View Analytics Limited
The shares of Latent View Analytics moved up by 2 per cent and closed at Rs 358 on Thursday. In the last five days, the stock has dropped by approximately 8 per cent. Over the last three months, the stock has gained approximately 16 per cent.
The company made a total revenue of Rs 60 crores in Q1FY23, up from Rs 36 crores in the same period last year. Their revenue in the preceding quarter was Rs 66 crores.
Their net profit for the quarter ending June of FY23 was Rs 24 crores, up from Rs 11 crores in Q1FY22. Their net profit for the March quarter was Rs 29 crores.
The market capitalization of the company stood at Rs 7,14 crores as on September 29th, 2022. The TTM PE of the company is 80.43 as compared to the sector PE of 14.24.
LatentView Analytics is a recognized leader in Data and Analytics. Its specialization includes Digital solutions Accelerators, Big Data Capabilities, Social Media Predictive Analytics, and Analytics Tools.
Firstsource Solutions Limited
The shares of Firstsource Solutions moved up marginally and closed at Rs 103 on Thursday. In the last five days, the stock has dropped by approximately 3 per cent. Over the last three months, the stock has gained approximately 10 per cent.
In Q1FY23, the company earned a total revenue of Rs 1,472 crores, up from Rs 1,484 crores at the same time last year. The previous quarter’s revenue was Rs 1,543 crores.
In the quarter under review, their net profit stood at Rs 85 crores which is a decline from Rs 133 crores which they earned in the same period in FY22. In Q4FY22, their profit stood at Rs 132 crores.
The market capitalization of the company stood at Rs 7,238 crores and the dividend yield was at 3.37% as on September 29th, 2022. The TTM PE of the company is 3.37 as compared to the sector PE of 14.42.
Firstsource Solutions Limited is an Indian business process management company that provides business process management in the banking and financial services, customer services, telecom and media, and healthcare sectors.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. 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.
