As the Indian stock market navigates the potential impacts of the 2024 US presidential election, investors are closely watching how changes in trade policies, foreign direct investment, and interest rates might influence market dynamics. In this environment of global uncertainty and economic interdependence, identifying stocks that may be priced below their intrinsic value becomes crucial for investors looking to capitalize on potential opportunities.
|
Name |
Current Price |
Fair Value (Est) |
Discount (Est) |
|
Sudarshan Chemical Industries (BSE:506655) |
₹969.50 |
₹1832.12 |
47.1% |
|
Titagarh Rail Systems (NSEI:TITAGARH) |
₹1191.70 |
₹2149.50 |
44.6% |
|
RITES (NSEI:RITES) |
₹292.85 |
₹518.21 |
43.5% |
|
IOL Chemicals and Pharmaceuticals (BSE:524164) |
₹391.40 |
₹762.32 |
48.7% |
|
Vedanta (NSEI:VEDL) |
₹463.00 |
₹898.73 |
48.5% |
|
Patel Engineering (BSE:531120) |
₹50.58 |
₹90.43 |
44.1% |
|
IRB Infrastructure Developers (NSEI:IRB) |
₹52.98 |
₹89.61 |
40.9% |
|
Tarsons Products (NSEI:TARSONS) |
₹400.75 |
₹707.28 |
43.3% |
|
Manorama Industries (BSE:541974) |
₹971.35 |
₹1665.51 |
41.7% |
|
Strides Pharma Science (NSEI:STAR) |
₹1560.25 |
₹2704.30 |
42.3% |
We’re going to check out a few of the best picks from our screener tool.
Overview: Jindal Steel & Power Limited is engaged in the steel, mining, and infrastructure sectors both in India and internationally, with a market capitalization of ₹933.84 billion.
Operations: The company’s revenue primarily comes from manufacturing steel products, amounting to ₹510.56 billion.
Estimated Discount To Fair Value: 25.6%
Jindal Steel & Power is trading at ₹915.45, notably below its estimated fair value of ₹1229.67, suggesting it may be undervalued based on cash flows. The company’s earnings are forecast to grow significantly at 26.1% annually, surpassing the Indian market average of 17.5%. Recent strategic alliances for green hydrogen integration highlight a commitment to sustainable practices, potentially enhancing long-term profitability and positioning Jindal Steel as a leader in decarbonization within India’s steel industry.
Overview: RITES Limited, along with its subsidiaries, offers design, engineering consultancy, and project management services across sectors such as railways, highways, airports, metros, ports, ropeways, urban transport, inland waterways and renewable energy; it has a market cap of ₹140.74 billion.
