Large-cap stocks are generally considered safer investments due to their established market presence, financial stability, and lower volatility, making them attractive options for investors looking for long-term growth and stability in their portfolios.
Piotroski score, named after Stanford accounting professor Joseph Piotroski, is a number between ‘0’ and ‘9’ used to assess the strength of a company’s financial position. Financial investors use the score to find the best-value stocks.
Listed below are such large-cap stocks under Rs. 200 with a high Piotroski score:
Suzlon Energy Ltd
With a market capitalization of Rs. 50,390 crores, the shares of the wind turbine generators manufacturing company started Friday’s trading session on a flatter note at Rs. 37 compared to its previous close of Rs. 37.30.
During the trading session, the shares hit a high of Rs. 37.95, gaining around 1 percent and closed the at Rs. 37 apiece. The company has a Piotroski score of ‘8’.
Coming onto the company’s financial statement, the revenue increased by 9.7 percent from Rs. 1,421 crores in the September quarter to Rs. 1,560 crores during the December quarter. In addition, the net profits zoomed by 99 percent from Rs. 102 crores to Rs. 203 crores during the trading session.
The order book of Suzlon Energy in Q3FY24 stood at a cumulative 3,157 MW, which includes various orders secured during that period. This robust order book, along with additional projects under discussion, provides strong revenue visibility for the company.
Additionally, the company aims to execute around 50 percent of this order book in FY24 and the remaining portion in FY25, indicating a strategic plan for order fulfilment over the coming years.
Bharat Electronics Ltd
With a market capitalization of Rs. 1,44,332 crores, the shares of the defence company started Friday’s trading session on a flatter note at Rs. 196.50 compared to its previous close of Rs. 196.85.
During the trading session, the shares hit a high of Rs. 198.95, gaining around 1 percent and closed the day at Rs. 197 apiece. The company has a Piotroski score of ‘8’.
Coming onto the company’s Financial statement, the revenue increased marginally by 4 percent from Rs. 4,009 crores in the September quarter to Rs. 4,162 crores during the December quarter. In addition, the net profit increased by 9 percent from Rs. 790 crores to Rs. 860 crores during the same timeframe.
The company holds a robust order book totalling an impressive Rs. 76,000 crores. Furthermore, the growth drivers for Bharat Electronics included projects like the Shakti EW system, BMP upgrade, and QRSAM orders, with an expectation of Rs. 50,000 crores orders over the next two years.
Moreover, the company has planned a Capex of Rs. 700 crores to Rs. 800 crores for the next two years. Additionally, the company is diversifying into non-defense areas such as energy storage products for electric vehicles and exploring opportunities in civil and medical equipment sectors globally to enhance revenue streams.
Written By Vaibhav Patil
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