Synopsis:
Several fundamentally strong and top-quality Indian companies, including TCS, ITC, Cyient, and Dabur, Jyothy Labs are currently trading near their two-year lows, offering potential value opportunities for long-term investors seeking reliable growth.
Fundamentally strong and well-established Indian companies are currently trading near their two-year lows, presenting potential long-term investment opportunities for value-oriented investors. These include market leaders across IT, FMCG, and engineering sectors.
Tata Consultancy Services Ltd
Tata Consultancy Services Ltd (TCS) is a global IT services, consulting, and business solutions company headquartered in India. It provides software development, digital transformation, cloud, and enterprise solutions to clients across industries worldwide.
With market capitalization of Rs. 10,68,005 cr, the shares of Tata Consultancy Services Ltd currently trading at Rs. 2,963 per share, from its previous close of Rs. 2,988.40 per share.
The company demonstrates strong profitability, with a ROCE of 64.6% and a robust ROE of 52.4%. It has maintained a consistent ROE track record over the past three years, averaging 50.3%, and continues to offer a healthy dividend payout of 83.8% The stock which was priced at Rs. 3,261.40 on Oct 6th, 2023, has now fallen to a two-year low of Rs. 2,963 per share.
ITC Ltd
ITC Ltd is a diversified Indian conglomerate with businesses spanning FMCG, hotels, paperboards & packaging, agri-business, and information technology. It is best known for its strong FMCG portfolio, including brands like Aashirvaad, Sunfeast, Bingo, and Fiama.
With market capitalization of Rs.5,02,087 cr, the shares of ITC Ltd currently trading at Rs. 401.65 per share, from its previous close of Rs. 400.75 per share. The company reports a ROCE of 36.8% and a ROE of 27.3%, with an impressive three-year average ROE of 28.0%. It also offers a healthy dividend yield of 3.58%. The stock which was priced at Rs. 442.15 on Oct 6th 2023, has now fallen to a two-year low of Rs. 401.65 per share.
Cyient Ltd
Cyient Ltd is an Indian engineering, manufacturing, and digital technology solutions company that provides services in aerospace, defense, transportation, utilities, and telecom sectors. The company specializes in engineering design, digital transformation, analytics, and network solutions, helping clients improve operational efficiency and innovate.
With market capitalization of Rs.13,108 cr, the shares of Cyient Ltd are currently trading at Rs.1,184 per share, from its previous close of Rs. 1,180.60 per share. The company has a ROCE of 16.6% and a ROE of 12.8%, and has successfully reduced its debt The stock which was priced at Rs. 1,682.20 on Oct 6th, 2023, has now fallen to a two-year low of Rs. 1,184 per share.
Dabur India Ltd
Dabur India Ltd is one of India’s leading consumer goods companies, with a strong presence in health care, personal care, and food products. Known for its Ayurvedic and natural offerings, the company has a diversified portfolio including brands like Dabur Chyawanprash, Dabur Honey, and Vatika.
With market capitalization of Rs. 87,442 cr, the shares of Dabur India Ltd are currently trading at Rs. 492 per share, from its previous close of Rs. 493.35 per share. The company reports a ROCE of 20.2% and a ROE of 17.0%, while successfully reducing its debt. The stock which was priced at Rs. 547.15 on Oct 6th, 2023, has now fallen to a two-year low of Rs. 492 per share.
Jyothy Labs Ltd
Jyothy Laboratories Limited is a prominent Indian fast-moving consumer goods (FMCG) company, established in 1983 by M.P. Ramachandran in Thrissur, Kerala. Beginning with a single product, Ujala Supreme, the company has expanded its portfolio to include well-known brands such as Henko, Pril, Exo, Maxo, Margo, and T-Shine.
With market capitalization of Rs.11,426 cr, the shares of Jyothy Labs Ltd are currently trading at Rs. 310 per share, from its previous close of Rs. 310.85 per share. The company reports a ROCE of 24.6% and a ROE of 19.0%, and remains almost debt-free The stock which was priced at Rs.360.60 on Oct 6th, 2023, has now fallen to a two-year low of Rs. 310 per share.
Written by Manideep Appana
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