Tejas Networks Limited designs and sells networking products for wireless and wired communication in India and worldwide. It provides broadband and networking solutions for telecom companies, ISPs, businesses, utilities, defense, and government agencies. Its products include fiber and mobile broadband solutions, Ethernet switches, optical transport systems, routers, and network management tools. Panatone Finvest Limited, which is a subsidiary of Tata Sons, acquired percent stake in Tejas Network.
Tejas Network is aggressively pushing for its expansion into 5G. It expects to complete BSNL’s first one lakh site order in this financial year. The management is optimistic about strong revenue growth in Q4 FY25 and FY26, driven by BSNL 5G orders, Vodafone Idea’s network expansion, and international deals spanning the US, Middle East, Africa, and Latin America. It also said that, despite revenue problems, they will continue spending on R&D worth Rs 6 billion.
It drastically improved its sales. It reported Rs 2,655.98 revenue in Q3 FY25, up by 361 percent, from its Q3FY24 revenue of only Rs 575.12 crore. However, it reported a net profit of Rs 165.67 crore in Q3 FY25 as compared to a Q3 FY24 loss of Rs 44.87 crore . As of January 2025, the company has an order book of Rs 2,681 crores.
HFCL
HFCL Limited is a global telecom products and solutions provider based in India. It manufactures optical fiber cables, telecom equipment, and defense communication products like Wi-Fi access points, routers, 5G solutions, electronic fuzes, and surveillance radars. The company also supplies networking components and offers solutions for telecom, defense, and railway communications. HFCL has partnered with Qualcomm to develop advanced 5G products.
HFCL is also pushing its 5G expansion. It benefits from government initiatives like ‘Digital India’ and the PLI scheme for domestic manufacturers. The company is actively participating in smart city projects and large-scale 5G deployments. It plans to launch new products both globally and domestically while spending on R&D, which will lead to more technological advancements.
It reported Rs 1,031.99 revenue in Q3 FY25, up by 361 percent, from its Q3FY24 revenue of only Rs 1,079.03 crore. However, it reported a net profit of Rs 72.58 crore in Q3 FY25 as compared to a Q3 FY24 net profit of Rs 82.43 crore. As of May 2024, the company has an order book worth Rs 7,685 crore.
Book value is generally the value of a company based on its balance sheet. It reflects the net worth of a company based on its accounting records and is often used to identify whether a stock is overvalued or undervalued as compared to its market price. The formula to calculate book value is simply deducting liabilities from its assets.
In this article, we will look at some of the companies in India whose book value per share exceeds their current market value.
Oil and Natural Gas Corporation Ltd
ONGC (a Maharatna company) is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production. Crude oil is the raw material used by several companies such as IOC, BPCL, HPCL and MRPL to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG.
With a market cap of Rs 3,09,915 crores. It made a 52-week high of Rs 345 per share, down by 29 percent, from its CMP of Rs 246.38 per share. It has an ROE and ROCE of 16.3 percent and 18.4 percent respectively. It has a book value per share of Rs 280 as compared to its CMP of Rs 246.38, i.e., trading at a discount of 12 percent.
Bank of Baroda Ltd.
Bank of Baroda Ltd offers a wide range of banking products and services to individuals, government departments, and corporate customers domestically and internationally. It provides various accounts, term deposits, and loans, including home, personal, vehicle, SME, agriculture, and corporate loans.
The bank also offers trade finance, export/import finance, supply chain finance, and digital payment solutions. Additionally, it provides insurance products, investment services, merchant banking, forex, remittances, and credit/debit cards.
With a market cap of Rs 1,18,299 crores. It made a 52-week high of Rs 299.70 per share, down by 24 percent, from its CMP of Rs 228.53 per share. It has an ROE and ROCE of 16.7 percent and 6.33 percent respectively. It has a book value per share of Rs 270 as compared to its CMP of Rs 228.53, i.e., trading at a discount of 15 percent.
Piramal Enterprise Ltd.
Piramal Enterprises Ltd is one of India’s leading NBFC company with assets worth $1000 crore, with a network of over 400 branches across 26 states/Union Territories, it a wide range of financial products and solutions across retail and wholesale lending, fund-based platforms, and investments.
It offers a wide range of financial services, such as housing finance, structured debt, construction finance, and lease rental discounting for the real estate sector. It provides funding solutions for infrastructure, renewable energy, roads, industrials, and auto components. It also operates a distressed asset investing platform, offers life insurance services, and engages in fund management and property leasing.
With a market cap of Rs 22,190 crores. It made a 52-week high of Rs 1,275 per share, down by 22.5 percent, from its CMP of Rs 987.85 per share. It has an ROE and ROCE of 1.25 percent and 3.91 percent respectively. It has a book value per share of Rs 1,194 as compared to its CMP of Rs 987.85, i.e., trading at a discount of 17 percent.
Tata Investment Corporation Ltd
Tata Investment Corporation Ltd is an NBFC company and it operates as an investment company in India. Its activities primarily include investing in long-term investments in equity shares, equity-related securities and other securities of companies in a wide range of industries. The company also distributes mutual funds and other investment related securities.
With a market cap of Rs 31,951 crores. It made a 52-week high of Rs 8,074.25 per share, down by 21 percent, from its CMP of Rs 6,317.70 per share It has an ROE and ROCE of 1.55 percent and 1.67 percent respectively. It has a book value per share of Rs 7,266 as compared to its CMP of Rs 6,317.70, i.e., trading at a discount of 13 percent.
JSW Holdings Ltd
JSW Holdings Ltd is a Non-Banking Financial Company (NBFC) that forms the investment arm of the JSW Group. The company makes strategic investments in new ventures promoted by the JSW Group. As of March 31, 2024, the company reported an asset size of over Rs 100 crore. It holds 7.42% equity shares of JSW Steel Limited, the market value of which stands close to Rs 15,000 crores. The Company also holds other strategic investment in Group Companies.
With a market cap of Rs 25,519 crores. It made a 52-week high of Rs 24,698 per share, down by 7.4 percent, from its CMP of Rs 22,821.55 per share. It has an ROE and ROCE of 0.55 percent and 0.72 percent respectively. It has a book value per share of Rs 28,642 as compared to its CMP of Rs 22,821.55, i.e., trading at a discount of 20 percent.
Written by Ashok Kumar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on AG Investment are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. AG Investment or the author are not liable for any losses
सबसे ज्यादा गिरावट वाले म्यूचुअल फंड्स की लिस्ट में पांचवें स्थान पर एक ELSS फंड है। वित्त वर्ष 2024-25 में Samco ELSS Tax Saver Fund ने निवेशकों को 9.70 प्रतिशत का नेगेटिव रिटर्न दिया है।
Mutual Fund Schemes: लगातार 5 महीनों की लंबी गिरावट के बाद भारतीय शेयर बाजार अब संभलने की कोशिश कर रहा है। हालांकि, शुक्रवार को भी बाजार नुकसान के साथ ही बंद हुआ था। सितंबर 2024 में लाइफटाइम हाई पर जाने के बाद से शुरू हुई गिरावट ने निवेशकों का पोर्टफोलियो बर्बाद कर दिया है। शेयर बाजार में चली इस महीनों लंबी गिरावट की वजह से म्यूचुअल फंड निवेशकों को भी भारी नुकसान हुआ है। वित्त वर्ष 2024-25 में करीब 60 इक्विटी म्यूचुअल फंड्स ने नेगेटिव रिटर्न दिया है। आज हम यहां उन इक्विटी म्यूचुअल फंड स्कीम्स के बारे में जानेंगे, जिनमें वित्त वर्ष 2024-25 में 17 प्रतिशत तक की गिरावट दर्ज की गई है।
Samco Flexi Cap Fund
वित्त वर्ष 2024-25 में सबसे ज्यादा नुकसान कराने वाले इक्विटी म्यूचुअल फंड्स की लिस्ट में Samco Flexi Cap Fund का नाम सबसे ऊपर है। इस म्यूचुअल फंड स्कीम ने अपने निवेशकों को सबसे ज्यादा 17.24 प्रतिशत का नेगेटिव रिटर्न दिया है।
HSBC Brazil Fund
इस लिस्ट में दूसरे स्थान पर HSBC Brazil Fund है, इस इंटरनेशनल म्यूचुअल फंड ने निवेशकों को वित्त वर्ष 2024-25 में 11.50 प्रतिशत का नेगेटिव रिटर्न दिया है।
DSP Global Clean Energy FoF
सबसे ज्यादा गिरावट वाले म्यूचुअल फंड्स की लिस्ट में तीसरे स्थान पर भी एक इंटरनेशनल फंड है। वित्त वर्ष 2024-25 में DSP Global Clean Energy FoF ने निवेशकों को 11.10 प्रतिशत का नेगेटिव रिटर्न दिया है।
Quant Infrastructure Fund
वित्त वर्ष 2024-25 में सबसे ज्यादा नुकसान कराने वाले इक्विटी म्यूचुअल फंड्स की लिस्ट में चौथे स्थान पर Quant Infrastructure Fund का नाम है। इस म्यूचुअल फंड स्कीम ने अपने निवेशकों को 9.74 प्रतिशत का नेगेटिव रिटर्न दिया है।
Samco ELSS Tax Saver Fund
सबसे ज्यादा गिरावट वाले म्यूचुअल फंड्स की लिस्ट में पांचवें स्थान पर एक ELSS फंड है। वित्त वर्ष 2024-25 में Samco ELSS Tax Saver Fund ने निवेशकों को 9.70 प्रतिशत का नेगेटिव रिटर्न दिया है।
Disclaimer: ये स्टोरी सिर्फ जानकारी के लिए है। निवेश से पहले अपने वित्तीय सलाहकार से सलाह जरूर लें।
Indian Railways is expected to increase its capital expenditure (capex) by approximately 15 percent in FY27, surpassing Rs.3 lakh crore, according to a senior official from the Ministry of Railways. This marks a significant rise from FY26, where the capex allocation is expected to remain unchanged at Rs.2.62 lakh crore. Key areas of focus for investment include network infrastructure, rolling stock, safety, and station redevelopment. The railways are also progressing on new projects such as bullet trains, hydrogen-powered trains, and the Hyperloop, with work on these initiatives expected to accelerate starting FY26.
The production of locomotives, wagons, and coaches is set to increase significantly in the coming years. For example, coach production has grown from 3,731 in FY13 to 6,550 in FY24, with plans to reach 8,000 annually. Similarly, wagon production has tripled over the past decade, with an annual target of over 30,000 wagons.
Here are a few railway stocks to benefit from this development:
1. Indian Railway Finance Corporation (IRFC)
With a market capitalization of Rs.1.62 lakh crore, IRFC’s share price closed at Rs.124.01 per share on Friday, falling 0.3 percent from its previous close. Indian Railway Finance Corporation (IRFC) serves as the financial arm of Indian Railways, responsible for funding rolling stock acquisitions and infrastructure development. It plays a crucial role in financing large-scale railway projects, including emerging initiatives like bullet trains. IRFC shares saw a dramatic rise following its IPO in January 2021, delivering nearly 900 percent returns by July 2024, before experiencing a correction.
IRFC’s partnership with India Infrastructure Finance Company Ltd (IIFCL) is designed to enhance financing opportunities for railway infrastructure projects. The company’s consistent involvement in railway expansion has created a strong base for long-term growth, which has made it attractive to investors. With a robust portfolio of projects and continued support for Indian Railways, IRFC is well-positioned for sustained performance in the railway sector.
With a market capitalization of Rs.73,371 crore, RVNL’s share price closed at Rs.350.80 per share on Friday, falling 1 percent from its previous close. The company’s current order book stands at Rs 97,000 crore, which includes Rs.49,000 crore from bidding works and Rs.47,600 crore from railway projects. This is a decline from the historically higher level of Rs.1,40,000 crore. The management is now focusing on market-driven bidding, with an expected annual turnover of Rs.28,000 crore to Rs.30,000 crore and an estimated project execution timeline of 3-4 years.
Management remains optimistic about achieving its revenue targets, citing favorable conditions in Q4. They are confident that they can maintain strong margins despite competitive pressures by leveraging operational efficiency and effective project execution.
3. Texmaco Rail & Engineering Ltd
With a market capitalization of Rs.5,393 crore, Texmaco Rail & Engineering Ltd’s share price closed at Rs.135.00 per share on Friday, falling 2.7 percent from its previous close. Texmaco Rail & Engineering Ltd specializes in the manufacturing of wagons, coaches, and freight cars. The company recently strengthened its position in the freight car segment through the acquisition of Jindal Rail and Infra, which has been rebranded as Texmaco West Rail. This acquisition has enhanced Texmaco’s production capabilities and market reach.
Texmaco has seen a significant increase in wagon production over the past decade, with annual production targets now exceeding 30,000 units. As Indian Railways’ capital expenditure plans continue to drive demand, Texmaco is poised to benefit from the growing need for railway equipment.
Written by – Ashok Kumar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on AG Investemnt are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. AG Investment or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
As of March 28, 2025, India’s stock markets experienced slight declines by the close of trading. The BSE Sensex fell by 0.25 percent to 77,414.92, while the Nifty 50 decreased by 0.31 percent to 23,519.35.
Investor sentiment remained cautious due to impending U.S. tariffs affecting sectors like automotive and pharmaceuticals. The Indian rupee showed signs of strengthening, supported by renewed foreign equity inflows and a more optimistic market outlook.
Here are 5 stocks that analysts recommend buying for potential upside of up to 46% under current market conditions:
1. Brigade Enterprises Ltd
With a market capitalization of Rs.23,871 crore, Brigade Enterprises Ltd, a real estate developer in South India, saw its shares close at Rs.966.50 each on Friday, reflecting a decrease of 2.71 percent from the previous close. Motilal Oswal has recommended a “Buy” call on Brigade Enterprises Ltd with a target price of Rs.1,415.00 per share, indicating an upside potential of 46 percent.
2. NHPC Ltd
With a market capitalization of Rs.82,661 crore, NHPC Ltd, a hydroelectric generation company, saw its shares close at Rs.82.20 each on Friday, reflecting an increase of 1.13 percent from the previous close. CLSA has recommended a “Buy” call on NHPC Ltd with a target price of Rs.117.00 per share, indicating an upside potential of 42 percent.
3. Praj Industries Ltd
With a market capitalization of Rs.10,213 crore, Praj Industries Ltd, a leading biotechnology and engineering company globally, saw its shares close at Rs.553.25 each on Friday, reflecting a decrease of 2.25 percent from the previous close. Prabhudas Lilladher has recommended a “Buy” call on Praj Industries Ltd with a target price of Rs.751.00 per share, indicating an upside potential of 36 percent.
4. DLF Ltd
With a market capitalization of Rs.1.68 lakh crore, DLF Ltd, a real estate development firm, saw its shares close at Rs.680.25 each on Friday, reflecting a decrease of 1.20 percent from the previous close. Motilal Oswal has recommended a “Buy” call on DLF Ltd with a target price of Rs.954.00 per share, indicating an upside potential of 40 percent.
5. Jindal Stainless Ltd
With a market capitalization of Rs.47,959 crore, Jindal Stainless Ltd, one of the largest manufacturers of Stainless Steel flat products, saw its shares close at Rs.580.00 each on Friday, reflecting a decrease of 0.34 percent from the previous close. ICICI Securities has recommended a “Buy” call on Jindal Stainless Ltd with a target price of Rs.760.00 per share, indicating an upside potential of 31 percent.
Written by – Ashok Kumar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on AG Investment are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. AG Investment or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
