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The Sensex and the Nifty 50, key indices of the Indian stock market, hit fresh record highs in intraday trade on Friday, August 30. The BSE Midcap and Smallcap indices also rose almost a percent each, driven by expectations of a rate cut and solid economic growth amid a healthy monsoon. In this thriving market environment, identifying stocks with strong fundamentals and growth potential becomes crucial. Here are three undiscovered gems in India that stand out as promising opportunities to watch this August 2024.
Top 10 Undiscovered Gems With Strong Fundamentals In India
Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
---|---|---|---|---|
Bengal & Assam | 4.48% | 1.53% | 51.11% | ★★★★★★ |
Kokuyo Camlin | 27.11% | 23.20% | 75.70% | ★★★★★★ |
Force Motors | 23.24% | 21.52% | 44.24% | ★★★★★☆ |
Avantel | 10.67% | 34.84% | 36.61% | ★★★★★☆ |
Spright Agro | 0.58% | 83.13% | 86.22% | ★★★★★☆ |
Genesys International | 12.13% | 15.75% | 36.33% | ★★★★★☆ |
KP Green Engineering | 13.73% | 47.60% | 61.28% | ★★★★★☆ |
Kalyani Investment | NA | 20.74% | 6.35% | ★★★★★☆ |
Innovana Thinklabs | 13.59% | 12.51% | 20.01% | ★★★★☆☆ |
Rir Power Electronics | 54.23% | 16.42% | 34.78% | ★★★★☆☆ |
Let's dive into some prime choices out of from the screener.
ASK Automotive
Simply Wall St Value Rating: ★★★★☆☆
Overview: ASK Automotive Limited, through its subsidiary, manufactures and sells auto components for the automobile industry in India and has a market cap of ₹90.35 billion.
Operations: ASK Automotive Limited generates revenue primarily from the manufacturing of auto components, amounting to ₹32.00 billion. The company has a market cap of ₹90.35 billion.
ASK Automotive, a small-cap player in India's auto components sector, has shown robust earnings growth of 44.8% over the past year, outpacing the industry average of 20.1%. The company's net debt to equity ratio stands at 40.8%, which is high but manageable given its EBIT covers interest payments by 8.6 times. Recent Q1 results highlight strong performance with net income rising to INR 568 million from INR 348 million last year and EPS increasing to INR 2.88 from INR 1.77
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Unlock comprehensive insights into our analysis of ASK Automotive stock in this health report.
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Gain insights into ASK Automotive's past trends and performance with our Past report.
Aurionpro Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Aurionpro Solutions Limited offers technology solutions in transaction banking, customer experience, smart city, and smart transportation sectors in India and globally, with a market cap of ₹103.87 billion.
Operations: Aurionpro Solutions Limited generates revenue primarily through the sale of software services (₹6.30 billion) and the sale of equipment and product licenses (₹3.21 billion).