2 ‘High-Quality’ Stocks to Look for During Market Fall!

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As the market is in a correction mode, it’s a good time to lap up some of the high-quality stocks that are available at a lucrative price. These times should be capitalized on which would prove to be a rewarding move in the long run as prices recover. 

If you are looking for some good companies to add to your portfolio, then here’s a list of 2 which you can explore.

Central Depository Services (India) Limited

Central Depository Services India Ltd (NS:) or simply CDSL is one of the only two depositories in India, and the only listed one, with a market capitalization of INR 10,938 crores. The stock had given a dream run after the Covid-19 pandemic as a whole new wave of newbies came into the markets, bolstering the revenue of CDSL. 

In fact, CDSL’s 5-year revenue growth stands at an impressive 26.5% and it clocked the highest revenue figure of INR 605.9 crores in FY22, leading to a net profit of INR 311.18 crores. This translates into a profit margin of a massive 51.36%, which is no less than commendable. The stock has already corrected around 30.6% in the last one year to the CMP of INR 1,027, making it a good opportunity if someone wants to bet on the increasing participation of Indians in the stock market for the next few years.

Indian Railway Catering and Tourism Corporation Ltd

Indian Railway Catering And Tourism Corp (NS:) is the only entity in India that operates railways in the country and comes under the Ministry of Railways, Government of India. It is a monopoly business, with a market capitalization of INR 51,456 crores and trades at a P/E ratio of 77.53. The company also started developing and managing Rail Yatri Niwas/Budget hotels and operated two Rail Yatri Niwas at New Delhi and Howrah, as of March 2022.

The company more than doubled its revenue to INR 1,975.43 crores in FY22 which led to a net income jump of a whopping 254.8% YoY to INR 663.69 crores. The profit margins stood at a mouth-watering 33.6% which was the highest since FY14, at least. The stock is down 22.5% in the last one year to the CMP of 627, by 11:29 AM IST which makes is it a good value proposition to be explored.   



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