Stocks that are Cheap for a Reason

It is usual for us to sift through companies and put them to quantitative experiments, which also at times come into our radar. These companies pass through filters like high growth in revenue and profitability, high return on equity and have market capitalisation of over ₹1,000 crore. Yet, these are available at an attractively low price, which is too good to be true. Here are three stocks that fall in this category and why they are cheap. Cairn India PE: 4.43 Cairn India is ranked amongst the largest oil and gas exploration and production companies in India. With exploration of its new reserves, the company has grown at an exceptional pace with revenue and earnings growing at more than 80 per cent CAGR