Endurance Technologies and KEI Industries 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. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.
Endurance Technologies Limited (BSE:540153)
Endurance Technologies Limited, together with its subsidiaries, manufactures and supplies automotive components to original equipment manufacturers primarily in India, Italy, and Germany. Founded in 1985, and headed by CEO Anurang Jain, the company size now stands at 4,455 people and has a market cap of INR ₹170.54B, putting it in the large-cap stocks category.
Extreme optimism for 540153, as market analysts projected an outstanding earnings growth rate of 28.33% for the stock, supported by a double-digit sales growth of 36.27%. 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 23.44%. 540153’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Interested to learn more about 540153? Have a browse through its key fundamentals here.
KEI Industries Limited (BSE:517569)
KEI Industries Limited manufactures and supplies power and industrial cables in India and internationally. KEI Industries was formed in 1968 and with the market cap of INR ₹28.92B, it falls under the large-cap category.
517569 is expected to deliver an extremely high earnings growth over the next couple of years of 26.61%, driven by a positive double-digit revenue growth of 46.20% and cost-cutting initiatives. 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. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 25.85%. 517569’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Thinking of investing in 517569? Check out its fundamental factors here.