A company is said to be ‘financially strong’ when it portrays a specific set of characteristics such as strong and consistent financial performance, low leverage ratios, and good management.
Listed below are some of the fundamentally strong stocks that are currently trading at a discount of up to 30.2 percent compared to their 52-week high level:
Crisil Limited
With a market capitalization of Rs 30,676 crores, the stocks of Crisil Limited, a globally diversified analytical Company providing ratings, research, risk, and policy advisory services, closed their trading session on Wednesday at Rs 4,203 a piece, gaining approximately 0.59 percent compared to the previous closing price of Rs 4,195.15 a piece.
The company’s stock hit its 52-week high of Rs 5,264.80 in March 2024 and, comparing the current share price level with the same, it represents a discount of approximately 20.16 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 40 lakh equity shares equivalent to a 5.47 percent stake in the company. The current value of his/her holdings stands at around Rs 1,679.94 crores.
During the latest quarters, the company’s basic business indicators, i.e, its operating revenues as well as net profits, showed a dip in numbers with the operating revenues decreasing from Rs 918 crores in Q3FY24 to Rs 737 crores during Q4FY24 and the net profits, reducing from Rs 210 crores to Rs 138 crores, for the same time period.
Ador Welding Ltd
With a market capitalization of Rs 1,713.33 crores, the stocks of Ador Welding Ltd, engaged in the business of Electrodes – Welding Equipment, closed their trading session on Wednesday at Rs 1,234.90, gaining approximately 0.63 percent compared to the previous closing level of Rs 1,259.80 a piece.
According to the latest shareholding pattern data of the company, Ashish Kacholia, one of the well-known ace investors based in India, holds a stake in Ador Welding Ltd.Currently, he holds approximately 5,95,400 equity shares equivalent to a 4.38 percent stake in the company. The current value of his holdings stands at Rs 73.21 crores.
The company’s stock hit its 52-week high of Rs 1,770 in Jan 2024 comparing the current share price level with the same, it represents a discount of approximately 30.23 percent.
During the latest quarters, the company’s basic business indicators, i.e, its operating revenues as well as net profits, showed a jump in numbers with the revenues increasing from Rs 235.48 crores in QFY23 to Rs 246.70 crores in Q4FY24 and the net profits reducing from Rs 22.55 crores to Rs 18.67 crores, for the same time period.
Asian Paints Ltd
With a market capitalization of Rs 2,79,169 crores, the stocks of Asian Paints Ltd, manufacturing and supplying paints within India and overseas, closed their trading session on Wednesday at Rs 2,893.50, gaining approximately 0.32 percent compared to the previous closing level of Rs 2,910.45 a piece.
The company’s stock hit its 52-week high of Rs 3,566.90 in July 2023 comparing the current share price level with the same, it represents a discount of approximately 19 percent.
During the latest quarters, the company’s basic business indicators, i.e, its operating revenues as well as net profits, showed a decline in numbers with the revenues decreasing from Rs 8,787.34 crores in Q3FY23 to Rs 8,730.76 crores in Q4FY24 and also the net profits increasing from Rs 1,258.41 crores to Rs 1,275.30 crores, during the same time period.
Written by Zahal
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