Indian Undiscovered Gems With Strong Fundamentals

Madhya Bharat Agro Products

Market Cap: ₹36.5b

Engages in the manufacturing of fertilizers and chemicals in India.

Jain Resource Recycling

Market Cap: ₹142.0b

Engages in the manufacture and export of non-ferrous metal products by way of recycling of non-ferrous metal scrap.

Rajesh Exports

Market Cap: ₹52.3b

A gold refiner, engages in the manufacture, wholesale, and retail of gold and various gold products in India.

Indo Thai Securities

Market Cap: ₹44.3b

Engages in the stock and share broking, depository participants, and other related ancillary businesses in India.

MSTC

Market Cap: ₹37.5b

Engages in marketing, e-commerce, and scrap recovery and allied job businesses primarily in India.

AXISCADES Technologies

Market Cap: ₹59.8b

Operates as an engineering solutions company in Europe, the United States, the Asia Pacific, and Canada.

Delta

Market Cap: ₹19.3b

Operates in the gaming and entertainment, and hospitality businesses in India and internationally.

Yash Highvoltage

Market Cap: ₹14.1b

Manufactures and sells high voltage and high current transformer bushings in India and internationally.

InfoBeans Technologies

Market Cap: ₹14.7b

Designs, builds, and manages digital applications in the United Arab Emirates, Germany, India, the United States, and internationally.

RNFI Services

Market Cap: ₹9.0b

Provides financial technology solutions in India.

Raghav Productivity Enhancers

Market Cap: ₹45.9b

Manufactures, trades in, and sells ramming mass and other quartz related items in India and internationally.

Marsons

Market Cap: ₹28.9b

Engages in manufacturing, supplying, erecting, testing, and commissioning of power and distribution transformers in India.

Oriental Hotels

Market Cap: ₹21.4b

Owns, operates, and manages hotels and resorts in India and Hong Kong.

A-1

Market Cap: ₹20.0b

Engages in the trading of various chemicals and acid products in India and internationally.

Canara Robeco Asset Management

Market Cap: ₹62.4b

Canara Robeco operates as a subsidiary of Canara Bank

RPG Life Sciences

Market Cap: ₹38.8b

An integrated pharmaceutical company, develops, manufactures, and markets branded formulations, generic, and synthetic active pharmaceutical ingredients (APIs) in India and internationally.

D. P. Abhushan

Market Cap: ₹34.0b

Engages in the manufacturing, sale, and trading of gold, diamond, platinum, silver jewellery, and other precious metals in India.

Dynacons Systems & Solutions

Market Cap: ₹11.2b

Provides IT solutions and related services in India and internationally.

Ceinsys Tech

Market Cap: ₹22.4b

Provides enterprise geospatial and engineering services in India and internationally.

TCC Concept

Market Cap: ₹19.8b

Engages in the real estate business primarily in India.

Heubach Colorants India

Market Cap: ₹11.6b

Engages in the manufacture and sale of specialty chemicals in India and internationally.

Gokul Agro Resources

Market Cap: ₹51.0b

Engages in the manufacture and trading of edible and non-edible oils, meals, and other agro products in India.

Amic Forging

Market Cap: ₹16.3b

Manufactures and sells forged components in India and internationally.

Rashtriya Chemicals and Fertilizers

Market Cap: ₹80.9b

Manufactures, markets, and sells fertilizers and industrial chemicals in India.

Arihant Foundations & Housing

Market Cap: ₹10.8b

Engages in the real estate development and related activities in India.

Som Distilleries & Breweries

Market Cap: ₹26.0b

Manufactures and sells beer and Indian made foreign liquor in India and internationally.

Tamilnadu Petroproducts

Market Cap: ₹11.1b

Manufactures and sells petrochemical products in India.

Khazanchi Jewellers

Market Cap: ₹17.0b

Designs, produces, and sells jewelry products in India.

WPIL

Market Cap: ₹41.0b

Engages in designing, developing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems in India and internationally.

Alpex Solar

Market Cap: ₹31.3b

Designs, manufactures, and sells power photovoltaic (PV) modules and solar energy systems in India.

Ashapura Minechem

Market Cap: ₹60.8b

Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally.

IST

Market Cap: ₹10.1b

Engages in the manufacture and sale of auto components in India.

Sree Rayalaseema Hi-Strength Hypo

Market Cap: ₹9.1b

Produces and sells industrial chemicals in India.

Pondy Oxides And Chemicals

Market Cap: ₹36.7b

Produces and sells lead, lead alloys, and plastic additives in India.

Ganesh Housing

Market Cap: ₹67.7b

Engages in the real estate and construction businesses in India.

Goodluck India

Market Cap: ₹39.4b

Manufactures and supplies precision engineering and steel products in India.