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Stocks to Buy: Consider Stocks With Good Credit Quality; 5 Stocks With Upside Potential of Up to 17.5%

Posted on by angelo
Stocks to Buy: Consider Stocks With Good Credit Quality; 5 Stocks With Upside Potential of Up to 17.5%

Stocks to Buy: Consider Stocks With Good Credit Quality; 5 Stocks With Upside Potential of Up to 17.5%

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Stocks to buy: Companies that are improving their debt repayment capacity are fundamentally strong and offer good yields.

Synopsis

Stocks to buy: These 269 companies have generated average one-year and two-year returns of 102.3% and 278.7%, respectively, compared with 38% and 69.3% for the Nifty 500 index. All returns are in point-for-point terms, not annualized, and are based on closing values ​​as of July 2. Here are five companies with significant analyst coverage and double-digit price potential.

12 minutes reading time,

Despite high interest rates, the Indian private sector has shown stability in debt servicing in 2023-24. A recent RBI analysis of 3,281 listed non-government and non-financial companies found that the interest coverage ratio (ICR) remained stable for manufacturing and IT companies, and improved for non-IT services companies. ICR measures a company’s ability to pay interest on its outstanding debt. While sales growth in the sample

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