10 stocks which have declined, but have strong fundamentals - IRCTC, Astral & more
New Delhi: After reaching their record highs, stock market indices BSE Sensex, NSE Nifty have been on the downside for the past several months. It may be noted that several market experts opine that a falling market also brings investment opportunities for many investors. As the indices have declined, the prices of shares of several good companies have also dropped. The Sensex is down around 10 per cent from its highest level.
Value Research report mentioned that 62 per cent of BSE companies have recorded a decline in the last month, and 10 per cent are at their 1-year low. The firm has selected 15 companies which have strong business yet they are at a 52-week low. The share price of the firms have not recovered even more than 5 per cent from their 52-week low, despite having a market cap of over Rs 10,000 crore. The 5 year average ROE of these 15 stocks is above 15 per cent and the 4 year profit after tax has increased by more than 15 per cent. List of 10 stocks that have declined but have strong fundamentals:
AIA Engineering
52 Week........
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