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Shankara Building Products and Symphony are a few noticeable companies with a strong future outlook. The market’s optimistic sentiment towards these stocks indicates a level of confidence in the future outlook of their businesses. The list I’ve put together below are of stocks that compare favourably on all criteria, which potentially makes them a good investment if you believe the growth has not already been reflected in the share price.
Shankara Building Products Limited (BSE:540425)
Shankara Building Products Limited engages in the retail of home improvement and building products. Established in 1995, and now run by Siddhartha Mundra, the company size now stands at 1,381 people and has a market cap of INR ₹41.18B, putting it in the large-cap category.
540425’s forecasted bottom line growth is an optimistic double-digit 28.52%, driven by the underlying double-digit sales growth of 30.68% over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 21.00%. 540425’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Should you add 540425 to your portfolio? I recommend researching its fundamentals here.
Symphony Limited (BSE:517385)
Symphony Limited engages in the manufacturing and trading of residential, commercial, and industrial air coolers in India and internationally. Formed in 1988, and headed by CEO Achal Bakeri, the company provides employment to 375 people and with the company’s market cap sitting at INR ₹128.44B, it falls under the large-cap category.
Driven by the positive double-digit sales growth of 42.75% over the next few years, 517385 is expected to deliver an excellent earnings growth of 20.81%. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 40.31%. 517385’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Could this stock be your next pick? I recommend researching its fundamentals here.