Spotlighting Undiscovered Gems with Potential In November 2024

In This Article:

As global markets navigate the challenges of rising U.S. Treasury yields and tepid economic growth, small-cap stocks have been particularly impacted, with indices like the S&P 600 reflecting this pressure. In this environment, identifying undiscovered gems—stocks that may offer potential despite broader market volatility—requires a keen eye for companies with strong fundamentals and resilience amid economic uncertainties.

Top 10 Undiscovered Gems With Strong Fundamentals

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Etihad Atheeb Telecommunication

NA

26.82%

62.18%

★★★★★★

Ovostar Union

0.01%

10.19%

49.85%

★★★★★★

Impellam Group

31.12%

-5.43%

-6.86%

★★★★★★

Sure Global Tech

NA

10.25%

20.35%

★★★★★★

United Wire Factories

NA

4.86%

0.19%

★★★★★★

Tianyun International Holdings

10.09%

-5.59%

-9.92%

★★★★★★

A2B Australia

15.83%

-7.78%

25.44%

★★★★☆☆

Wilson

64.79%

30.09%

68.29%

★★★★☆☆

Zahrat Al Waha For Trading

80.05%

4.97%

-15.99%

★★★★☆☆

Waja

23.81%

98.44%

14.54%

★★★★☆☆

Click here to see the full list of 4738 stocks from our Undiscovered Gems With Strong Fundamentals screener.

We're going to check out a few of the best picks from our screener tool.

Raymond

Simply Wall St Value Rating: ★★★★☆☆

Overview: Raymond Limited operates in the real estate and engineering sectors in India with a market capitalization of ₹108.87 billion.

Operations: Raymond Limited's primary revenue streams are from real estate and development of property, generating ₹18.47 billion, and its engineering businesses, including auto components and tools & hardware, contributing ₹4.42 billion and ₹4.09 billion respectively.

Raymond, a notable player in the Indian market, has seen its debt to equity ratio improve from 121.2% to 82.7% over five years, indicating better financial health. The company trades at a price-to-earnings ratio of 6.6x, significantly below the Indian market average of 32.7x, suggesting good value relative to peers. Despite earnings growing by an impressive 60.1% annually over five years, recent growth of 9.1% lagged behind the Real Estate industry's 19.2%. With its EBIT covering interest payments by 3.7 times and plans for restructuring through demergers and new listings, Raymond is positioning itself strategically for future opportunities.

NSEI:RAYMOND Debt to Equity as at Nov 2024
NSEI:RAYMOND Debt to Equity as at Nov 2024

East Pipes Integrated Company for Industry

Simply Wall St Value Rating: ★★★★★★

Overview: East Pipes Integrated Company for Industry specializes in manufacturing and selling pipes, tubes, and hollow shapes made from iron and steel in Saudi Arabia, with a market capitalization of SAR5.25 billion.