Three undervalued stocks that can make a splash in your portfolio
Hello friends! Are you looking for three undervalued stocks?
If you are interested in the stock market and are looking for stocks that are available at a discount, then this blog post is for you. In this post, I am going to tell you about three such stocks, which are not only excellent in price and value, but also have multibagger potential.
So let’s know about these stocks and how they can give big benefits to your portfolio.
First Stock: RITES
RITES is a PSU stock, founded in 1974. It is government-backed and engaged in railway construction and engineering. You will find this stock around ₹3300 and it is a great investment option due to its fundamentals.
Fundamentals:
Market Cap: ₹15,000 crore
P/E Ratio: 30
Book Value: 50
ROE: 18%
ROCE: 26%
Debt: Zero
This stock is loan-free and has excellent profitability. If you are looking for undervalued stocks, RITES can be the right option for you.
Second Stock: Mukka Protein
If you are looking for a penny stock, Mukka Protein is a great option. This company is in a monopoly kind of business, which has very little competition. This stock is currently priced around ₹50, but its potential makes it a multibagger stock.
Fundamentals:
Market Cap: ₹1280 crore
P/E Ratio: 18
ROE: 20%
Profit: 60-80 crore annually
This stock has the potential to grow five to six times and is worth including in your portfolio due to its multibagger characteristics.
Third Stock: Heidelberg Cement
If you want to invest in a German brand, then Heidelberg Cement is a great option. This stock is from the cement sector and has huge growth potential. Recently, Adani Group has shown interest in this company, which makes it even more attractive.
Fundamentals:
Market Cap: ₹5000 crore
P/E Ratio: 32
ROE: 11%
Dividend: 4%
This stock gives you a dividend of 4% annually, which is an excellent return. Apart from this, long-term growth can be seen in this company.
Conclusion
So these were the three stocks that have undervalued price, price appreciation and multibagger potential. If you are thinking of investing, then definitely consult your financial advisor. These stocks are great for the festive season and can make a big difference in your portfolio.
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