The term “market leader shares” refers to the stocks of companies that hold the largest market share in their respective industries and often exhibit strong performance and dominance within their markets.
Listed below are the shares that hold the largest market share in their respective industries and are trading at a discount from its 52 -week high:
Suprajit Engineering Ltd
With a market capitalization of Rs. 5,499 crores, the shares of the control cable manufacturing company started Wednesday’s trading session on a lower note at Rs. 402.05 compared to its previous close of Rs. 403.05. The shares hit a low of Rs. 390.50, making a loss of around 2 percent and are currently trading at Rs. 396.50 apiece.
The company hit its 52-week or all-time high in July 2023 at Rs. 446.75 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 13 percent.
Suprajit Engineering has developed to become one of the leading producers of mechanical cables for the domestic 2-wheeler category, with a market share of approximately 65 percent.
Looking at the company’s financial statement, the revenue increased marginally by around 3 percent from Rs. 680 crores during the June quarter to Rs. 709 crores in the September quarter. In addition, the net profits increased by 6 percent from Rs. 33 crores to Rs. 35 crores during the same timeframe.
Gabriel India Ltd
With a market capitalization of Rs. 5,347 crores, the shares of the ride control product manufacturing company started Wednesday’s trading session on a flatter note at Rs.375. The shares hit a low of Rs. 370.55, making a loss of around 2 percent and are currently trading at Rs.372 apiece.
The company hit its 52-week or all-time high in December 2023 at Rs. 440 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 20 percent.
Gabriel India has a competitive advantage in the manufacture of suspension components (shock absorbers and struts) in India. With a 32 percent market share in the 2-wheeler and 3-wheeler categories, a 24 percent market share in the Passenger vehicle segment, and an 89 percent market share in the commercial vehicle category
Looking at the company’s financial statement, the revenue increased by around 7 percent from Rs. 806 crores during the June quarter to Rs. 864 crores in the September quarter. In addition, the net profits zoomed by 12 percent from Rs. 42 crores to Rs. 47 crores during the same timeframe.
GMM Pfaudler Ltd
With a market capitalization of Rs. 6,915 crores, the shares of corrosion-resistant glass-lined equipment manufacturing company started Wednesday’s trading session on a lower note at Rs. 1,550 compared to its previous close of Rs. 1,563. The shares hit a low of Rs. 1,539, making a loss of around 2 percent and are currently trading at Rs. 1,538 apiece.
The company hit its 52-week or all-time high in September 2023 at Rs. 1,896.75 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 23 percent.
GMM Pfaudler Ltd. is the market leader in glass-lined equipment with over 50 percent market share in India. The company faces intense competition in the small vessel segment from other domestic players, but it has a near monopoly in the large vessel segment.
Looking at the company’s financial statement, the revenue increased marginally by around 3 percent from Rs. 912 crores during the June quarter to Rs. 937 crores in the September quarter. In addition, the net profits zoomed by 30 percent from Rs. 54 crores to Rs. 70 crores during the same timeframe.
Written By Vaibhav Patil
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