Undiscovered Gems in India To Explore This October 2024
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Over the last 7 days, the Indian market has experienced a 3.2% decline, yet it boasts an impressive 40% rise over the past year with earnings forecasted to grow by 17% annually. In this dynamic environment, identifying promising stocks involves looking for companies with strong growth potential and resilience that can capitalize on these robust market conditions.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Vidhi Specialty Food Ingredients | 7.27% | 11.00% | 4.02% | ★★★★★★ |
| Kokuyo Camlin | 27.11% | 23.20% | 75.70% | ★★★★★★ |
| Le Travenues Technology | 10.32% | 26.39% | 67.32% | ★★★★★★ |
| AGI Infra | 61.29% | 29.16% | 33.44% | ★★★★★★ |
| Nibe | 39.26% | 80.75% | 84.69% | ★★★★★☆ |
| Avantel | 5.92% | 33.97% | 37.33% | ★★★★★☆ |
| BLS E-Services | 1.67% | 15.04% | 51.58% | ★★★★★☆ |
| Sky Gold | 127.01% | 22.02% | 48.03% | ★★★★☆☆ |
| Abans Holdings | 91.77% | 13.13% | 18.72% | ★★★★☆☆ |
| Rir Power Electronics | 54.23% | 16.42% | 34.78% | ★★★★☆☆ |
Let's dive into some prime choices out of from the screener.
Anup Engineering
Simply Wall St Value Rating: ★★★★★☆
Overview: The Anup Engineering Limited, along with its subsidiaries, specializes in manufacturing and fabricating process equipment for various industries including oil and gas, petrochemicals, LNG, fertilizers, chemicals, pharmaceuticals, power, water, paper and pulp, and aerospace in India with a market cap of ?56.17 billion.
Operations: Anup Engineering generates revenue primarily from its engineering products, amounting to ?5.71 billion.
Anup Engineering, a promising player in the machinery industry, has seen its earnings grow by 68% over the past year, outpacing the industry's 25.8%. This growth is supported by high-quality earnings and positive free cash flow. The company's debt-to-equity ratio has increased from 2.6% to 3.9% over five years, but it holds more cash than total debt. Recent strategic moves include securing critical orders worth over ?1 billion and entering a manufacturing agreement with Graham India and USA, signaling robust future prospects.
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Navigate through the intricacies of Anup Engineering with our comprehensive health report here.
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Evaluate Anup Engineering's historical performance by accessing our past performance report.
KRN Heat Exchanger and Refrigeration
Simply Wall St Value Rating: ★★★★☆☆
Overview: KRN Heat Exchanger and Refrigeration Limited specializes in the manufacturing and sale of aluminium and copper fin and tube-type heat exchangers for the HVAC and refrigeration industry, with a market cap of ?26.30 billion.