Fundamentally Strong Stocks Under ₹ 300 to add to your watch list
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The following are three fundamentally strong stocks under Rs 300 that you should add to your watchlist:
PETRONET LNG LIMITED
PETRONET LNG Limited stock has a market valuation of Rs 38,902 crores. The company has been established to develop, design, construct, own, and operate liquefied natural gas (LNG) import and regasification terminals in India.
The closing price of the shares on Friday was Rs 259, up around 0.27 percent from the previous closing price of Rs 258.65. Based on the most recent information available, the company’s debt-to-equity ratio is 0.20 times.
The company’s key performance metrics, operating revenues and profit after taxes, increased during the most recent financial quarters. Operating revenues increased from Rs 12,532 crores in Q2FY24 to Rs 14,747 crores in Q3FY24, while profit after taxes increased from Rs 818 crores to Rs 1,191 crores over the same period of time.
| Below table shows the Fundamental ratio of PETRONET LNG LTD. as on 24-03-2024 | |
| Fundamental Ratio | Value |
| Closing Price | Rs 259 |
| Market Capital | Rs 38,902 Cr. |
| P/E Ratio | 11.4 |
| Current Ratio | 3.79 |
| ROE | 22.8 % |
| ROCE | 26.6 % |
| Debt to Equity | 0.20 |
| Interest Covering Ratio | 15.8 |
| Promoter Holding | 50 % |
NMDC LIMITED
NMDC Limited stock has a market valuation of Rs 59,696 crore. The company is involved in the exploration and production of iron ore and diamonds, the manufacturing and sale of sponge iron, and the generation and sale of wind power.
The closing price of the shares on Friday was Rs 204, down around 1.97 percent from the previous closing price of Rs 207.80. Based on the most recent information available, the company’s debt-to-equity ratio is 0.09 times.
The company’s key performance metrics, operating revenues and profit after taxes, increased during the most recent financial quarters. Operating revenues increased from Rs 4,014 crores in Q2FY24 to Rs 54,10 crores in Q3FY24, while profit after taxes increased from Rs 1,026 crores to Rs 1,482 crores over the same period of time.
| Below table shows the Fundamental ratio of NMDC Ltd. as on 24-03-2024 | |
| Fundamental Ratio | Value |
| Closing Price | Rs 204 |
| Market Capital | Rs 59,696 Cr. |
| P/E Ratio | 10.4 |
| Current Ratio | 2.92 |
| ROE | 23 % |
| ROCE | 30.2 % |
| Debt to Equity | 0.09 |
| Interest Covering Ratio | 116 |
| Promoter Holding | 60.8 % |
ONGC LIMITED
ONGC Limited, India’s largest crude oil and natural gas company, has a market value of Rs ₹ 3,31,176 crores and contributes to around 71% of domestic output.
The closing price of the shares on Friday was Rs 263, up around 0.11 percent from the previous closing price of Rs 262.95. Based on the most recent information available, the company’s debt-to-equity ratio is 0.46 times.
The company’s key performance metrics, operating revenues and profit after taxes, during the most recent financial quarters. Operating revenues increased from Rs 146,874 crores in Q2FY24 to Rs 165,569 crores in Q3FY24, but the profit after tax decreased from Rs 16,553 crores to Rs 10,748 crores.
| Below table shows the Fundamental ratio of ONGC LTD. as on 24-03-2024 | |
| Fundamental Ratio | Value |
| Closing Price | Rs 263 |
| Market Capital | Rs 3,31,176 Cr. |
| P/E Ratio | 7.22 |
| Current Ratio | 1.0 |
| ROE | 14.1 % |
| ROCE | 13.9 % |
| Debt to Equity | 0.46 |
| Interest Covering Ratio | 8.69 |
| Promoter Holding | 58.9 % |
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