6 Indian stocks that fit with William J. O'Neil's proven investing strategy
1/7
MarketSmith's Top Picks
William J. O'Neil, founder of MarketSmith, revolutionized stock market investing by blending fundamental and technical analysis. His strategy pinpoints key traits of market winners, emphasizing strong earnings growth and price momentum near 52-week highs. Based on these principles, MarketSmith has identified six Indian stocks that align with O'Neil’s winning strategy:
2/7
Benares Hotels | CMP: 11,399
Benares Hotels has an operating revenue of Rs 121.92 crore on a trailing 12-month basis. The company has an outstanding annual revenue growth of 31%, pre-tax margin of 40%, and ROE of 27%. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 11% and 31% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 10% from the pivot point (which is extended from the ideal buying range for a stock).
The stock from a technical standpoint is comfortably placed above its key moving averages, around 11% and 31% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 10% from the pivot point (which is extended from the ideal buying range for a stock).
3/7
Cholamandalam Inv.& Fin. | CMP: Rs 1,443
Cholamandalam Investment and Finance Company Limited (Chola) has an operating revenue of Rs 24,228 crore on a trailing 12-month basis. The company has outstanding annual revenue growth of 48%, pre-tax margin of 24% and ROE of 17%.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 6% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 12% away from the crucial pivot point.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 6% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 12% away from the crucial pivot point.
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4/7
Bajaj Finance | CMP: Rs 8,427
Bajaj Finance has an operating revenue of Rs 66,150 crore on a trailing 12-month basis. The company has outstanding annual revenue growth of 33%, pre-tax margin of 35% and ROE of 18%.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 15% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 11% from the pivot point (which is extended from the ideal buying range for a stock).
The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 15% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 11% from the pivot point (which is extended from the ideal buying range for a stock).
5/7
Mps | CMP: Rs 2,536
Mps has an operating revenue of Rs 694.2 crore on a trailing 12-month basis. The company has an annual revenue growth of 9%, pre-tax margin of 30% and ROE of 25%. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 15% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around 3% from the pivot point (which is the ideal buying range for a stock).
The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 15% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around 3% from the pivot point (which is the ideal buying range for a stock).
6/7
Narayana Hrudayalaya | CMP: Rs 1,551
Narayana Hrudayalaya has an operating revenue of Rs 5,387 crore on a trailing 12-month basis. The company has annual revenue growth of 11%, pre-tax margin of 18% and ROE of 27%. The company has a reasonable debt to equity of 41%, which signals a healthy balance sheet.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 14% and 23% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 8% from the pivot point (which is extended from the ideal buying range for a stock).
The stock from a technical standpoint is comfortably placed above its key moving averages, around 14% and 23% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 8% from the pivot point (which is extended from the ideal buying range for a stock).
7/7
Sunrise Efficient Marketing | CMP: Rs 166
With an operating revenue of Rs 312 crore on a trailing 12-month basis, Sunrise Efficient Marketing has reported annual revenue growth of 14%, pre-tax margin of 10% and ROE of 19%. The company has a reasonable debt to equity of 10%, which signals a healthy balance sheet.
The stock from a technical standpoint is trading below to its 50DMA and around 60% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The stock from a technical standpoint is trading below to its 50DMA and around 60% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)