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The Indian market has shown impressive resilience, with the Information Technology sector gaining 4.0% while the overall market remained flat over the last week and up 44% over the past year. As earnings are forecast to grow by 17% annually, identifying strong growth potential in undiscovered stocks becomes crucial for investors looking to capitalize on these favorable conditions.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Goldiam International | 0.74% | 10.79% | 15.85% | ★★★★★★ |
| Kokuyo Camlin | 27.11% | 23.20% | 75.70% | ★★★★★★ |
| Bengal & Assam | 4.48% | 1.54% | 51.11% | ★★★★★☆ |
| Master Trust | 37.05% | 27.57% | 41.99% | ★★★★★☆ |
| Avantel | 10.67% | 34.84% | 36.61% | ★★★★★☆ |
| Insolation Energy | 88.64% | 163.87% | 419.31% | ★★★★★☆ |
| JSW Holdings | NA | 21.35% | 22.41% | ★★★★★☆ |
| Apollo Micro Systems | 38.51% | 10.59% | 11.93% | ★★★★☆☆ |
| Vasa Denticity | 0.11% | 38.37% | 48.77% | ★★★★☆☆ |
| Rir Power Electronics | 54.23% | 16.42% | 34.78% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
LT Foods
Simply Wall St Value Rating: ★★★★★★
Overview: LT Foods Limited engages in the milling, processing, and marketing of branded and non-branded basmati rice and rice food products in India, with a market cap of ₹114.75 billion.
Operations: LT Foods generates revenue primarily from the manufacture and storage of rice, amounting to ₹81.21 billion.
Earnings for LT Foods grew by 35.7% over the past year, outpacing the Food industry’s 13.9%. Trading at 4.3% below estimated fair value, it offers good relative value compared to peers. The company's debt to equity ratio has improved significantly from 116.4% to 26.8% in five years, and its net debt to equity ratio is a satisfactory 25.3%. Recent expansion into the UK market with a £7 million facility further underscores its growth potential and strategic positioning in the rice market worth £1 billion annually.
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Get an in-depth perspective on LT Foods' performance by reading our health report here.
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Gain insights into LT Foods' past trends and performance with our Past report.
Newgen Software Technologies
Simply Wall St Value Rating: ★★★★★★
Overview: Newgen Software Technologies Limited is a software company that offers products and solutions across various regions including India, Europe, the Middle East, Africa, the Asia Pacific, Australia, and the United States with a market cap of ₹151.89 billion.
Operations: Newgen Software Technologies Limited generates revenue primarily from its software and programming segment, totaling ₹13.07 billion. The company has a market cap of ₹151.89 billion.