Wealthy Opinions: HGL, HVL and Sensex

The current fall in market has thrown open opportunities to grab fundamentally strong stocks at cheap prices. For that matter some of the stocks are trading well below 52weeks high levels.

Two such undervalued and strong stock are:

Hinduja Global Solutions Ltd (HGSL); and
Hinduja Ventures Ltd (HVL)

I had recommended these two names earlier and have published detailed analysis on both the companies. I feel, one can buy some more quantity of the said stocks at these levels, for following reasons:

Both the companies have strong and visionary management who have consistently rewarded its shareholders. Current P/B is unbelievably low at 1.1x (HGSL) and 0.98x (HVL) level (dirt cheap). P/E is well below the industry average. Further, judging by ratios (ttm) like RoE, RoA, RoCE, its clear that company is doing exceptionally well, as all the ratios are higher than industry average. Both the companies are debt free and have strong cash flows.

So, Jump on!!

Happy Investing!!!

Note: Kindly conduct your own analysis as risk appetite for individuals may vary.