7 Most Undervalued Stocks for February 2024 

Published Date : 12 February 2024

Amara Raja Batteries Ltd

The company manufactures industrial and automotive batteries, with a CMP of ₹844.75, has a 13.10% ROCE, 17.92% ROE, and 9.78% OPM. 

Mahanagar Gas Ltd

It operates under Maharashtra Govt and GAIL Limited, with a CMP of ₹1453.45, has a 19.11% ROCE, 23.81% ROE, and 16.90% OPM.

Coal India Ltd

It is globally renowned as the largest coal manufacturer, with a CMP of ₹433.15, has a 49.20% ROCE, 27.15% ROE, and 27.98% OPM.

EID Parry Ltd

With 225 years of history, it operates in the sugar and nutraceuticals segments, with a CMP of ₹581.50, has a 15.57% ROCE, 27.71% ROE, and 8.10% OPM.

Oil and Natural Gas Corporation Ltd

It operates in crude oil, natural gas, and more, with a CMP of ₹258.05, has a 12.62% ROCE, 12.24% ROE, and 9.33% OPM.

DCM Shriram Ltd

The company operates in energy-intensive and agri-business categories, with a CMP of ₹987.55, has a 14.70% ROCE, 17.97% ROE, and 12.69% OPM. 

Andhra Paper Ltd

 It is the largest manufacturer of integrated paper and pulp, with a CMP of ₹519.65, has a 33.02% ROCE, 43.20% ROE, and 34.49% OPM.