Global Undiscovered Gems With Strong Fundamentals

Reliance Industrial Infrastructure

Market Cap: ₹13.6b

Engages in the infrastructure and support services activities in India.

Zhejiang Huayuan Auto Technology

Market Cap: CN¥8.5b

Zhejiang Huayuan Auto Technology Co., Ltd.

Precision Wires India

Market Cap: ₹27.6b

Manufactures and sells insulated enamelled wires and other insulated electric conductors in India and internationally.

Kesar India

Market Cap: ₹16.0b

Operates as a real estate development company in India.

GMM Grammy

Market Cap: ฿4.3b

Engages in the music, satellite television (TV), digital TV, movies, home shopping, and co-investment in other businesses in Thailand.

Blue Pearl Agriventures

Market Cap: ₹19.5b

Engages in the textiles business in India.

BA Airport Leasehold Real Estate Investment Trust

Market Cap: ฿9.6b

n/a

Frontier Springs

Market Cap: ₹9.4b

Produces and sells L.H.B.

Doha Insurance Group Q.P.S.C

Market Cap: ر.ق1.3b

Engages in insurance and reinsurance businesses in Qatar, the United Arab Emirates, Lebanon, Luxembourg, and Jordan.

Rajoo Engineers

Market Cap: ₹20.6b

Engages in the manufacture and sale of plastic processing machineries and post extrusion equipment in India and internationally.

Qatar Islamic Insurance Group Q.P.S.C

Market Cap: ر.ق1.3b

Provides a range of insurance products and services in Qatar.

Agarwal Industrial

Market Cap: ₹15.0b

Engages in manufactures and trades petrochemicals in India and internationally.

GHCL Textiles

Market Cap: ₹8.8b

Produces and sells yarn in India and internationally.

Dynamic Cables

Market Cap: ₹20.5b

Manufactures and supplies cables and conductors to energy and power sectors in India and internationally.

Fischer Medical Ventures

Market Cap: ₹55.3b

Engages in the trading of medical equipment in India and internationally.

Sandur Manganese & Iron Ores

Market Cap: ₹85.5b

Together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka.

Signpost India

Market Cap: ₹11.8b

Provides digital out-of-home (DOOH) advertising services in India.

India Nippon Electricals

Market Cap: ₹13.9b

Provides electronic ignition systems for automotive industry in India and internationally.

B.L. Kashyap and Sons

Market Cap: ₹14.6b

Engages in the construction and infrastructure development activities in India.

Transrail Lighting

Market Cap: ₹69.6b

An engineering, procurement, and construction (EPC) company, engages in the designing, manufacturing, testing, installation, and supply of galvanized steel structures and conductors for power transmission and distribution in India and internationally.

Shilchar Technologies

Market Cap: ₹53.3b

Engages in the manufacture and sale of transformers and parts in India.

5paisa Capital

Market Cap: ₹12.1b

Provides an online technology platform for trading in National Stock Exchange of India Limited, BSE Limited, and MCX.

Kopran

Market Cap: ₹9.3b

An integrated pharmaceutical company, engages in the manufacture and marketing of active pharmaceutical ingredients and finished dosage forms in India and internationally.

Shanthi Gears

Market Cap: ₹38.5b

Engages in the design, manufacture, supply, and service of gears and gear boxes in India, the United States, Europe, and internationally.

Zentiva

Market Cap: RON 3.2b

Engages in the production and marketing of preparations and medicines for human use in Romania and internationally.

Tengjun Biotechnology

Market Cap: US$201.4m

Tengjun Biotechnology Corp., through its subsidiaries, engages in producing, packaging, distributing, and marketing featured dandelion teas and water purifiers in the People’s Republic of China.

Consorcio Aristos. de

Market Cap: Mex$6.9b

Through its subsidiaries, operates in the industrial and construction sectors in Mexico.

National Foods

Market Cap: PK₨58.8b

Manufactures and sells convenience based food products in Pakistan.

Telia Lietuva

Market Cap: €952.6m

Provides telecommunications, information technology (IT), and television (TV) services to business and residential customers in the Republic of Lithuania, Sweden, Norway, Finland, Estonia, and Latvia.

Cinkarna Celje d. d

Market Cap: €251.3m

A chemical-processing company, produces and markets titanium dioxide pigments in Slovenia, the European Union, and internationally.

Neo-Neon Holdings

Market Cap: HK$785.4m

An investment holding company, engages in the research and development, manufacture, distribution, and sale of lighting products in North America, Europe, the People's Republic of China, the rest of Asia, and internationally.

Unggul Indah Cahaya

Market Cap: Rp3.0t

Engages in the manufacture and sale of alkylbenzene chemicals in Indonesia.

Telekom Slovenije d.d

Market Cap: €581.6m

Provides integrated communication and technology services and solutions in Slovenia, Kosovo, Bosnia and Herzegovina, Croatia, Serbia, Montenegro, and North Macedonia.

Kawasan Industri Jababeka

Market Cap: Rp3.7t

Engages in the real estate development activities in Indonesia.

Absa Bank Kenya

Market Cap: KSh92.1b

Provides various banking products and services to private customers, corporates, financial institutions, and government clients in Kenya.

Wataniya Insurance

Market Cap: ر.س730.4m

Provides a range of insurance products and services in the Kingdom of Saudi Arabia.