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'Big Bull'ion sale: Buy these shares at discounted price to gain profit
PTC India is the first share in this series. Since the sales come with discount offers, the Zee Business report informed that PTC India is trading 38% lower, thereby extending a big discounted value, after trading high for 52 weeks.
As online retailers like Amazon and Flipkart are gearing up with mega offers in the upcoming festive season, it is being expected that the majority of these sales will take place between September 29 and October 4. These e-commerce companies will hold their `Big Billion Days` and `Great Indian Festival` sales during this period. Zee Business, however, has come out with 'Big Bull'ion sale of stocks, advising its viewers about chosen shares in which money can be invested for maximum profits.
'Big Bull'ion sale: PTC India
PTC India is the first share in this series. Since the sales come with discount offers, the Zee Business report informed that PTC India is trading 38% lower, thereby extending a big discounted value, after trading high for 52 weeks. The company is, therefore, offering attractive valuation also.
Explaining major trigger points for the stock, the report said that the company is making effort to sell two of its subsidiary firms to arrange about Rs 2000 crore. With a market cap of Rs 1700 crore, the amount earned through stake sale will no doubt give it a great boost.
Further, FPI holding has also increased from 29.5% to 38% in the last one year, therefore, it can be witnessed FPIs' interest is also increasing in this firm, said the report, adding that in the last 10 years, the company has reduced its debt, and in 2020 also, it is determined to do so. Along with these positive points, the company has 6% dividend yield.
Since the government focus is on Power for All, the company is making an effort to take benefit of this programme, and made a deal with the Bhutan government to purchase surplus power for next 35 years.
Talking about earnings trend of the company, the report added that it has been stable and in FY16 the firm's profit was Rs 586 cr, and in FY 19, the same stands at Rs 490 crore.
'Big Bull'ion sale: RVNL
In this 'Big Bull'ion sale series, another attractive stock advised is RVNL (Rail Vikas Nigam Limited). This government firm works for Indian Railways and is involved in building engineering works required by the national transporter.
Form the point of discount, the report said that after trading high at 30, it is now at 25, therefore available with 20% discount. Since RVNL accomplishes railway projects, it manages everything from planning to funding. The company has a mammoth order book worth Rs 77,500 crore by March this year, and it has stated to execute its orders in 3 years, said the report, adding that this will contribute in massive growth of numbers.
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The RVNL has also made effort to reduce its debt from over Rs 12,057 cr to about Rs 3024 cr, which is now 75% down, the report said, adding that Domestic Institutional Investors have increased their participation at 4.83% in the year 2019. Looking at these strong fundamentals, the company reportedly provides great opportunity for investors for buying its shares at discounted price.
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