6 Indian stocks that fit Warren Buffett's investment fundamentals

With an operating revenue of Rs 440.72 crore on a trailing 12-month basis, Fineotex has reported an outstanding annual revenue growth of 58 per cent, pre-tax margin of 20 per cent and ROE of 21 per cent. 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 13% and 31% from 50-DMA and 200-DMA. The stock is currently forming a base in its weekly chart and is trading around 6% away from the crucial pivot point.

The company has a reasonable debt to equity of 16%, which signals a healthy balance sheet. From a technical standpoint, the stock is comfortably placed above its key moving averages, around 27% and 65% from 50-DMA and 200-DMA. It has recently broken out of a base in its weekly chart and is trading around 28% from the pivot point, which is extended from the ideal buying range for a stock. MarketSmith said the stock has great fundamentals and technical strength to stay in momentum.

Gujarat Ambuja Exports has an operating revenue of Rs 4,670.31 crore on a trailing 12-month basis. The stock from a technical standpoint is trading close to its 50-DMA and comfortably placed above its 200-DMA, around 25% above 200-DMA. It needs to take support around the 50-DMA level to continue further upside move. Institutional holding has gone up in the last reported quarter is a positive sign.

Schaeffler India, which manufactures bearings, gears, gearing and driving elements, has an operating revenue of Rs 6,327.14 crore on a trailing 12-month basis. The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 44% from 50-DMA and 200-DMA. It has recently broken out of a base in its weekly chart and is trading around 12% from the pivot point, which is extended from the ideal buying range for a stock. The stock is lagging behind in earnings parameters, but excellent technical strength makes it a stock to examine in more detail.

Page Industries has an operating revenue of Rs 3,886.46 crore on a trailing 12-month basis. An annual revenue growth of 37% is outstanding, Pre-tax margin of 18% is great, ROE of 49% is exceptional. The stock from a technical standpoint is comfortably placed above its key moving averages, around 11% and 14% from 50-DMA and 200-DMA. It has recently broken out of a base in its weekly chart and is trading around 4% from the pivot point, which is the ideal buying range for a stock.

Polyplex has an operating revenue of Rs 6,624.40 crore on a trailing 12-month basis. The company has a reasonable debt to equity of 14%, which signals a healthy balance sheet. currently forming a base in its weekly chart and is trading around 16% away from the crucial pivot point.

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