Vanguard is a renowned global investment management company, offering a diverse range of mutual funds, ETFs, and other financial products. With a commitment to low-cost investing and a focus on long-term wealth accumulation, Vanguard has become a trusted choice for investors seeking reliable and efficient investment solutions worldwide.
Here are the stocks in the Vanguard Fund group portfolio with less debt:-
CARE Ratings Ltd
CARE Ratings is a prominent credit rating agency in India. The Company offers a variety of credit ratings to assist corporations in raising cash for their diverse needs, as well as investors in making educated investment decisions based on credit risk and their own risk-return expectations.
With a market capitalization of Rs 3,263.67 crore, on Friday, the shares closed at Rs 1,092.70 apiece, decreased around 0.76 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.03.
Vanguard Fund group bought 708,656 equity shares which is equivalent to 2.4 percent of the company as of March 2024.
The company’s revenue stood at Rs 79 crore in Q3FY24, during the same time frame, net profit stood at Rs 24 crore.
Cyient Ltd
Cyient (previously Infotech Enterprises Limited) is an Indian multinational technology business that specializes in engineering, manufacturing, data analytics, networks, and operations. Infotech Enterprises Ltd. was formed in Hyderabad in 1991.
With a market capitalization of Rs 19,092.74 crore, on Friday, the shares closed at Rs 1,721.60 apiece, decreased around 1.81 percent as compared to the previous closing The debt-to-equity ratio of the business is 0.18.
Vanguard Fund group bought 2,316,617 equity shares which is equivalent to 2.1 percent of the company as of March 2024.
The company’s revenue stood at Rs 1,861 crore in Q3FY24, during the same time frame, net profit stood at Rs 197 crore.
GHCL Ltd
GHCL Limited produces soda ash, a raw material used in the detergent, glass, and ceramic industries, as well as sodium bicarbonate (baking soda). In addition, the company produces refined baking soda, which is a raw ingredient for sectors such as bakery, pharmaceutical, fire extinguisher production, and cleaning agents.
With a market capitalization of Rs 4,709.62 crore, on Friday, the shares closed at Rs 492.00 apiece, increased around 3.06 percent as compared to the previous closing The debt-to-equity ratio of the business is 0.07.
Vanguard Fund group bought 2,048,182 equity shares which is equivalent to 2.1 percent of the company as of March 2024.
The company’s revenue stood at Rs 823 crore in Q3FY24, during the same time frame, net profit stood at Rs 125 crore.
Written by:- Abhishek Singh
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