A company is said to be “fundamentally strong” when it portrays a specific set of characteristics such as strong and consistent financials, lower leverage ratios, and many more.
Listed below are three such fundamentally strong stocks that are trading at a discount of up to 31 percent from their 52-week high level:
Syngene International Limited
With a market capitalization of Rs 27,469.68 crores, the stocks of Syngene International Limited closed at Rs 683.30 in the trading session that took place on Saturday, slipping around 1.80 percent as compared to the previous closing levels of Rs 695.50 apiece.
The company’s stock hit its 52-week high mark in September 2023 at Rs 860.25, and comparing the current price level with the same, there is a discount of approximately 21 percent.
Syngene International Limited is an integrated service provider offering a single platform for end-to-end drug discovery, development, and other manufacturing services.
Polycab India Limited
With a market capitalization of Rs 65,098.23 crores, the stocks of Polycab India Limited closed at Rs 4,334.95 in the trading session that took place on Saturday, slipping around 1.80 percent as compared to the previous closing levels of Rs 4,413.85 apiece.
The company’s stock hit its 52-week high mark in December 2023 at Rs 5,733, and comparing the current price level with the same, there is a discount of approximately 24 percent.
Founded in 1996, Polycab India Limited is a leading manufacturer of cables and wires and other allied products in India including uPVC conduits, lugs, and glands.
Navin Fluorine International Limited
With a market capitalization of Rs 17,054.64 crores, the stocks of Navin Fluorine International Limited closed at Rs 3,439.95 in the trading session that took place on Saturday, gaining around 0.80 percent as compared to the previous closing levels of Rs 3,411.70 apiece.
The company’s stock hit its 52-week high mark in May 2023 at Rs 4,950, and comparing the current price level with the same, there is a discount of approximately 31 percent.
Navin Fluorine International Limited is primarily engaged in the business of producing refrigeration gases, specialty organofluorines, inorganic fluorides, and also offers contract research & manufacturing services.
Written by Amit Madnani
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