Undiscovered Gems in India for August 2024
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Following a rise of over 1 per cent, which ended a three-day losing streak, the Indian stock market benchmark Nifty 50 experienced a nearly 1 per cent drop during intraday trading on Thursday, August 8. The market trend reflects buying on dips and profit booking at higher levels, driven by heightened geopolitical tensions and concerns over US economic growth. In this volatile environment, identifying fundamentally strong companies with robust business models can offer promising investment opportunities.
Top 10 Undiscovered Gems With Strong Fundamentals In India
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Voith Paper Fabrics India | NA | 10.79% | 9.57% | ★★★★★★ |
| Goldiam International | NA | 10.09% | 16.51% | ★★★★★★ |
| Macpower CNC Machines | NA | 20.01% | 23.61% | ★★★★★★ |
| Indo Amines | 82.32% | 17.09% | 18.35% | ★★★★★☆ |
| KP Green Engineering | 13.73% | 47.60% | 61.28% | ★★★★★☆ |
| Lotus Chocolate | 13.51% | 28.07% | -10.66% | ★★★★★☆ |
| Insolation Energy | 88.64% | 163.87% | 419.31% | ★★★★★☆ |
| Share India Securities | 24.23% | 37.66% | 48.98% | ★★★★☆☆ |
| Innovana Thinklabs | 4.53% | 12.52% | 19.93% | ★★★★☆☆ |
| Vasa Denticity | 0.11% | 38.37% | 48.77% | ★★★★☆☆ |
We're going to check out a few of the best picks from our screener tool.
BLS International Services
Simply Wall St Value Rating: ★★★★★★
Overview: BLS International Services Limited specializes in outsourcing and administrative tasks for visa, passport, and consular services to diplomatic missions, with a market cap of ?158.17 billion.
Operations: With a market cap of ?158.17 billion, BLS International Services Limited generates revenue primarily through outsourcing and administrative services for visa, passport, and consular tasks to diplomatic missions.
BLS International Services has shown impressive growth, with earnings rising by 49.8% over the past year, outpacing the Professional Services industry’s 10.4%. The company’s debt to equity ratio improved from 7.8% to 2.1% in five years, indicating better financial health. Recent Q1 results reported sales of INR 4.93 billion and net income of INR 1.14 billion, up from INR 3.83 billion and INR 689 million respectively a year ago.
IFB Industries
Simply Wall St Value Rating: ★★★★★☆
Overview: IFB Industries Limited, along with its subsidiaries, manufactures and trades in home appliances both in India and internationally, with a market cap of ?83.80 billion.