Top Value Shares You Can Add To Your Portfolio In 2024
Introduction:
Selecting the right stocks for investment can be a daunting task, especially for rookie investors. Value investing is a time-tested strategy that allows you to invest in undervalued stocks that can fetch very high returns in the long term. Legendary investors popularised this strategy Benjamin Graham and Warren Buffet and used it to grow their investments multiple times within short spans.
Value stocks belong to companies with solid fundamentals, stable earnings, and strong growth prospects, allowing investors an opportunity to buy them at discounted prices. However, with so many companies listed on the stock exchanges, identifying value stocks can become difficult. It requires company insights, deep research, and a keen understanding of market trends.
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To help you out, we have compiled a list of the best value stocks you can add to your portfolio in 2024. These stocks belong to companies that are poised for growth and resilience. Keep reading.
1. Coal India Limited
Coal India Limited is one of the largest coal producers worldwide and a Public Sector Undertaking (PSU). The company has a commendable operating revenue of Rs. 1,42,081.29 crores over the last 12 months. With an impressive annual revenue growth of 27%, a robust pre-tax margin of 27%, and an outstanding ROE of 49%, the company stands out as one of the best value stocks in India in 2024.
Apart from robust capital growth, investing in Coal India shares offers the potential for substantial dividend yield. As of 6 April 2024, Coal India shares were trading for Rs. 446.95 per share at the National Stock Exchange (NSE) and Rs. 446.90 per share at the Bombay Stock Exchange (BSE).
2. Tata Consultancy Services (TCS)
Tata Consultancy Services (TCS) is a leading provider of diverse services including, Information Technology (IT), digital, and business solutions. The company has achieved an operating revenue of Rs. 2,32,081.00 crores over the past 12 months. With an impressive annual revenue growth of 17%, a substantial pre-tax margin of 25%, and an exceptional ROE of 46%, the company’s shares are regarded as one of the top value stocks in India.
As of 6 April 2024, TCS shares were trading for Rs. 3,979.25 per share at the NSE and Rs. 3,979.55 per share at the BSE. The company’s market cap stood at Rs. 14,39,836 crores.
3. CRISIL Limited
CRISIL Limited is a prominent credit rating and research organisation having a significant presence in Indian financial markets. With an operating revenue of Rs. 3,044.04 crores in the past year, the company demonstrates a notable annual growth rate of 22%. Furthermore, it boasts an impressive pre-tax margin of 27% and an exceptional Return on Equity (ROE) of 31%. Notably, it ranks among the highest book value shares in India.
As of 6 April 2024, CRISIL Limited shares were trading for Rs. 4,894.95 per share at the NSE and Rs. 4,891.35 per share at the BSE. The stock has provided an annual dividend yield of 1.22%.
4. Hindustan Unilever Limited (HUL)
Hindustan Unilever Limited (HUL) is one of the top FMCG (fast-moving consumer goods) suppliers in India. The company boasts more than 400 popular brands under its belt, including Lifebuoy, Surf Excel, Kissan, Dove, Lux, Lakme, etc.
HUL achieved an impressive operating revenue of Rs. 61,931.00 crores in the last 12 months, showcasing a notable annual growth rate of 16%. It’s noteworthy that the pre-tax margin stands at an impressive 22%, and the return on equity (ROE) reaches an exceptional 20%.
As of 6 March 2024, HUL’s shares were trading for Rs. 2,267.70 per share at the NSE and Rs. 2,266.95 per share at the BSE.
5. Accelya Solutions Limited
Accelya Solutions Limited specialises in providing software solutions to the airline and travel industry, along with offering services such as computer programming and consultancy. Over the trailing 12-month period, the company has reported an operating revenue of Rs. 469.36 Cr. It boasts an outstanding annual revenue growth rate of 27%, a commendable pre-tax margin of 36%, and an exceptional Return on Equity (ROE) of 46%. These impressive financial metrics make Accelya Solutions one of the top value stocks in India.
To conclude
The value stocks mentioned above present compelling investment opportunities to investors with long-term horizons. However, they must conduct thorough research, assess risk factors, and align their investment strategy with their financial goals and risk tolerance.
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