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IndusInd Bank is one of many stocks the market is bullish on. Its expected double-digit top-line and bottom-line growth exceeds its peers, and its financially stable position lessens the chances of risk. Below I’ve put together a list of great potential investments for you to consider adding to your portfolio if growth is a dimension you would like to firm up.
IndusInd Bank Limited (BSE:532187)
IndusInd Bank Limited provides various banking products and services to individuals, NRIs, business owners, corporates, and government and financial institutions. Started in 1994, and headed by CEO Romesh Sobti, the company employs 23,541 people and with the company’s market capitalisation at INR ₹1.09T, we can put it in the large-cap stocks category.
532187 is expected to deliver a buoyant earnings growth over the next couple of years of 23.18%, bolstered by an equally impressive revenue growth of 77.81%. It appears that 532187’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 19.91%. 532187’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Want to know more about 532187? Check out its fundamental factors here.
Shilpa Medicare Limited (BSE:530549)
Shilpa Medicare Limited manufactures and sells bulk drugs and intermediates in India. Shilpa Medicare was formed in 1987 and with the stock’s market cap sitting at INR ₹36.90B, it comes under the large-cap stocks category.
530549’s projected future profit growth is a robust 35.86%, with an underlying 56.52% growth from its revenues expected over the upcoming 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. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 18.14%. 530549’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add 530549 to your portfolio? Check out its fundamental factors here.
MM Forgings Limited (BSE:522241)
M M Forgings Limited manufactures and sells steel forgings in India. Formed in 1945, and now led by CEO Vidyashankar Krishnan, the company currently employs 1,357 people and with the market cap of INR ₹12.81B, it falls under the large-cap stocks category.