What are the best shares for 2024 with good fundamentals?

 Infibeam Avenues Ltd

  • Infibeam Avenues Limited is an India-based financial technology (Fintech) company.
  • The Company offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals.
  • It offers digital payment solutions under the brand name CCAvenue and enterprise software solutions under the brand name Builda Bazaar.
  • It provides payment options to the merchants allowing them to accept payments through Website and mobile devices in over 27 international currencies.
  • Its digital payments portfolio consists of payment acquiring, payment issuance and domestic, and international remittances.
  • The Company provides its solutions to merchants, enterprises, corporations, governments and financial institutions in both domestic, as well as international markets.
  • The Company offers its solutions across the United Arab Emirates, Saudi Arabia, Oman, and the United States.
  • Infibeam Avenues Limited has just launched its Artificial Intelligence platform ’’THEIA’’ to generate Videos. ‘’THEIA’’ is supposed to cater to Industries looking to harness AI capabilities to Video Analysis for applications in industries such as Sports Analytics, Media Optimisation, Traffic management, Crowd Control, Insurance Claims etc.
  • Infibeam Avenues is set to spread its wings in the Middle East Region with its subsidiary Infibeam Avenues Saudi Arabia receiving the PTSP certificate from Saudi Payments.

PROS

  • Consistent Highest Return Stocks over Five Years - Nifty500
  • Annual Profit Growth higher than Sector Profit Growth
  • Company with No Debt
  • Annual Net Profits improving for last 2 years
  • Company with Zero Promoter Pledge
  • FII / FPI or Institutions increasing their shareholding

CONS

  • PE higher than Industry PE
  • MFs decreased their shareholding last quarter

Infibeam Avenues is forecast to grow earnings and revenue by 31.8% and 37% per annum respectively. EPS is expected to grow by 30.8% per annum. Return on equity is forecast to be 7% in 3 years.

I am invested in this stock at 13.80 rupees, and with every deep, I am increasing my investment in it. Currently, I have approx. 5000 QTY of this share at an average price of 24.30 rupees.

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