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Forming an investment viewpoint on a new stock can be difficult, where do you begin? Although there are many factors to consider, the main fundamental factors can be grouped into the following: financial condition, valuation, future potential, past track record, and cash flow generated to investors. Today I’ve put together a collation of companies which meet or exceed expectations in two or more aspects, causing them to be popular investments for all kinds of investors.
Gujarat Mineral Development Corporation Limited (BSE:532181)
Gujarat Mineral Development Corporation Limited engages in mining business in India. The company was established in 1963 and with the company’s market cap sitting at INR ₹42.45B, it falls under the large-cap category.
532181 has sufficient cash and investments to meet its upcoming liabilities, and the company has no debt in its accounts, portraying its strong financial capacity. In addition, 532181 is currently trading at a price-to-equity ratio of 13.1x relative to the industry ratio of 20.18x and market ratio of 24.18x, which means it is relatively cheaper than its peers. More on Gujarat Mineral Development here.
KPIT Technologies Limited (BSE:532400)
KPIT Technologies Limited provides software development, IT consulting, and product engineering solutions in India and internationally. Founded in 1990, and currently lead by Shashishekhar Pandit, the company size now stands at 12,110 people and with the market cap of INR ₹39.89B, it falls under the large-cap category.
532400’s upcoming commitments are met by its short-term assets, and its total debt is well-covered by its cash flows, portraying its strong financial capacity. What’s more is, 532400’s ample net income is able to cover all of its dividend payments, which has also been steadily increasing over time. Continue research on KPIT Technologies here.
Indian Bank (BSE:532814)
Indian Bank provides various banking product and services in India and internationally. Established in 1907, and currently headed by CEO Kishor Kharat, the company provides employment to 20,924 people and with the company’s market cap sitting at INR ₹136.62B, it falls under the large-cap stocks category.
532814’s earnings growth in the past year of 93.41%, surpassing its industry profit growth level of 10.02%, is what investors like to see. 532814’s asset-to-equity ratio of 12.52x indicates a solid equity position, with an appropriate level of leverage for a financial company. Furthermore, 532814’s shares are now trading at a price below its true value based on its PE ratio of 9.4x, compared to the industry and wider stock market ratio, so potential investors can purchase the stock below its value. Dig deeper into Indian Bank here.