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Undiscovered Gems in India to Watch This September 2024

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Over the last 7 days, the Indian market has dropped 1.2%, yet it remains up by an impressive 38% over the past year with earnings forecasted to grow by 17% annually. In this dynamic environment, identifying stocks with strong growth potential and solid fundamentals can be crucial for investors looking to capitalize on emerging opportunities.

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%

★★★★★★

Wealth First Portfolio Managers

NA

-47.95%

40.47%

★★★★★★

Force Motors

23.24%

21.52%

44.24%

★★★★★☆

Indo Amines

82.32%

17.15%

19.98%

★★★★★☆

Master Trust

37.05%

27.64%

41.99%

★★★★★☆

Kaycee Industries

17.35%

19.50%

34.62%

★★★★★☆

Lotus Chocolate

13.51%

28.07%

-10.66%

★★★★★☆

KP Green Engineering

13.73%

47.60%

61.28%

★★★★★☆

Magadh Sugar & Energy

85.44%

6.65%

13.60%

★★★★☆☆

Vasa Denticity

0.11%

38.37%

48.77%

★★★★☆☆

Click here to see the full list of 477 stocks from our Indian Undiscovered Gems With Strong Fundamentals screener.

Let's uncover some gems from our specialized screener.

D. P. Abhushan

Simply Wall St Value Rating: ★★★★☆☆

Overview: D. P. Abhushan Limited engages in the manufacturing, sale, and trading of gold, diamond, platinum, silver, and other precious metals and ornaments in India with a market cap of ₹36.93 billion.

Operations: The company generates revenue primarily from the Gems & Jewellery segment, amounting to ₹23.74 billion.

D. P. Abhushan, a notable player in the retail jewellery sector, reported impressive earnings growth of 48.5% over the past year, outpacing the industry average of 23%. The company's debt to equity ratio has significantly improved from 187% to 73.3% over five years, although its net debt to equity remains high at 61%. Recent financials show net income for Q1 2024 at INR 250.77 million, up from INR 156.23 million last year, with basic EPS rising to INR 11.27 from INR 7.02.

NSEI:DPABHUSHAN Debt to Equity as at Sep 2024
NSEI:DPABHUSHAN Debt to Equity as at Sep 2024

Marksans Pharma

Simply Wall St Value Rating: ★★★★★★

Overview: Marksans Pharma Limited, along with its subsidiaries, focuses on the research, manufacturing, marketing, and sale of pharmaceutical formulations across various international markets including the United States, North America, Europe, the United Kingdom, Australia, and New Zealand; it has a market cap of ₹117.08 billion.

Operations: Marksans Pharma generates revenue primarily from its pharmaceutical segment, amounting to ₹22.68 billion. The company's market cap stands at ₹117.08 billion.