5 smallcap stocks nearing ‘buy’ point. Do you own any?

Apr 19, 2024, 10:22:03 AM IST1/6

Good buys

MarketSmith has a positive view on several smallcap stocks that it considers are near the ‘buy’ point. These stocks include Arvind Smartspaces, Sharda Motor Industries, and Choice International. Here is a list of 5 stocks that are near the buy point, as listed on MarketSmith:

2/6

Choice International | CMP: Rs 309

With an operating revenue of Rs 671.6 crore on a trailing 12-month basis, Choice International has reported outstanding annual revenue growth of 38%, pre-tax margin of 21% and ROE of 13%.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 33% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around -0% from the pivot point (which is the ideal buying range for a stock).

3/6

Neuland Laboratories | CMP: Rs 7,600

Neuland Laboratories has an operating revenue of Rs 1,580.6 crore on a trailing 12-month basis. The company has an outstanding annual revenue growth of 26%, pre-tax margin of 18% and ROE of 16%. The company has a reasonable debt to equity of 7%, which signals a healthy balance sheet.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 14% and 53% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 2% from the pivot point (which is the ideal buying range for a stock).

4/6

​Arvind Smartspaces | CMP: Rs 698

Arvind Smartspaces has an operating revenue of Rs 316.5 crore on a trailing 12-month basis. The company has annual revenue de-growth of 0%, pre-tax margin of 15% and ROE of 5%.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 53% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around -2% from the pivot point (which is the ideal buying range for a stock).

5/6

ITD Cementation India | CMP: Rs 353

ITD Cementation India has an operating revenue of Rs 7,091.5 crore on a trailing 12-month basis. The company has an outstanding annual revenue growth of 34%, pre-tax margin of 3% and ROE of 10%. The company has a reasonable debt-to-equity ratio of 14%, which signals a healthy balance sheet.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 38% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 4% away from the crucial pivot point.

6/6

​Sharda Motor Industries | CMP: Rs 1,583

With an operating revenue of Rs 2,794 crore on a trailing 12-month basis, Sharda Motor Industries has reported outstanding annual revenue growth of 20%, pre-tax margin of 10% and ROE of 27%. The company is debt-free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 16% and 40% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 2% from the pivot point (which is the ideal buying range for a stock).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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