The broader market has taken a good correction on Friday, with the benchmark Nifty 50 index falling 292 points to 24,852.15. With many stocks now witnessing some selling pressure, it might be a good time to capitalize on the valuation gap.
To find such gems, we will head to the “Strong Upside” screener in InvestingPro+ which helps us filter high-quality stocks among 1,000s of listed counters, based on factors such as faqir value. The fair value is a revolutionary feature that automatically calculates the true intrinsic value of a firm based on several financial models which makes the end value error-free.
After going through the screener, here are two counters that bulls can put on the watchlist.
Uniparts India Limited
Uniparts India Limited, together with its subsidiaries, manufactures and sells engineering systems, solutions, and assemblies primarily for off-highway vehicles in India and internationally. The company has a market capitalization of INR 2,179 with the InvestingPRo+ financial health score of 3 out of 5, making it a worthy consideration for the portfolio.
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The stock has fallen 17% in the last one year, widening the valuation gap to 20%, i.e, from the CMP of INR 486.15, the stock has the potential to rise to INR 583. In fact, the analyst’s target of INR 525 is also decently higher than the CMP.
Landmark Cars Limited
Landmark Cars engages in the automotive retail business in India. The company provides dealership services for Honda, Mercedes-Benz, Renault (EPA:RENA), etc. and offers car accessories under the brand Landmark Genuine Accessories. The company has a market capitalization of INR 2,433 crore and trades at a TTM P/E ratio of 46.6.
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The stock is currently trading at INR 588.7 and as per the fair value, it has the potential to rise by 21.9% to INR 717.8. However, a total of 4 analysts are covering this stock and one of them has even given the highest target price of INR 941. After falling 18% in the last 3 months, investors can think of seizing the opportunity here.
Read More: Find Wealth Creators with These Power Screeners
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