Most investors find it challenging to find companies with prospective double-digit growth rates that are also financially robust. These hidden gems also add meaningful upside to a portfolio, should the companies meet expectations. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Abbott India Limited (BSE:500488)
Abbott India Limited operates as a pharmaceutical company in India. Founded in 1944, and headed by CEO Ambati Venu, the company employs 2,700 people and with the company’s market capitalisation at INR ₹115.79B, we can put it in the large-cap category.
500488’s projected future profit growth is a robust 26.03%, with an underlying 34.81% 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 high double-digit return on equity of 27.22%. 500488 ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Considering 500488 as a potential investment? Check out its fundamental factors here.
Astral Poly Technik Limited (BSE:532830)
Astral Poly Technik Limited, together with its subsidiaries, manufactures and markets pipes, fittings, and adhesive products in India and internationally. The company was established in 1996 and with the company’s market cap sitting at INR ₹107.27B, it falls under the large-cap group.
532830 is expected to deliver a buoyant earnings growth over the next couple of years of 23.01%, bolstered by an equally impressive revenue growth of 50.73%. It appears that 532830’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 22.83%. 532830 ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Thinking of investing in 532830? Have a browse through its key fundamentals here.
Titan Company Limited (BSE:500114)
Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, precision engineering components, eyewear, and accessories in India and internationally. Formed in 1984, and currently lead by Bhaskar Bhat, the company size now stands at 7,437 people and with the stock’s market cap sitting at INR ₹835.58B, it comes under the large-cap stocks category.