Waaree Energies and 4 other fundamentally strong stocks trading at a discount of up to 36%; Do you own any?

SYNOPSIS: Fundamentally strong mid-cap stocks with solid earnings, high returns, and low debt are trading at steep discounts from 52-week highs, offering potential long-term buying opportunities amid ongoing market corrections.

In the dynamic Indian stock market, fundamentally strong stocks – those with robust financials, consistent earnings growth, low debt, and competitive edges – often present rare buying opportunities when trading at a discount from their 52-week highs or intrinsic values. 

These dips, driven by market corrections or short-term sentiments, allow long-term investors to acquire quality businesses at attractive valuations without compromising on underlying strength. Keeping such stocks on your radar can unlock significant upside potential as fundamentals drive prices back toward fair value.

Listed below are some notable fundamentally strong mid-cap stocks that are undergoing a severe correction and currently trading at steep discounts of up to 36 percent:

GE Vernova T&D India Limited

With a market cap of Rs. 79,333 crores, the stock closed in the green at Rs. 3,098.4 on Monday. The stock hit its 52-week high at Rs. 3,323.7 on 3rd November 2025, and is trading at a discount of nearly 7 percent.

In Q2 FY26, GE Vernova experienced a significant growth in revenue from operations of Rs. 1,538 crores, an increase of around 16 percent QoQ and 39 percent YoY. Meanwhile, its net profit stood at Rs. 299 crores, representing a rise of around 3 percent QoQ and 106 percent YoY. In terms of financial ratios, the company has a RoE of 40.4 percent and ROCE of 54.7 percent, with a debt-to-equity ratio of 0.01.

GE Vernova T&D India Limited is a listed arm of GE Vernova’s Electrification segment in India and a leading player in the power transmission and distribution business. It provides a wide range of products, including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support.

Waaree Energies Limited

With a market cap of Rs. 88,091 crores, the stock closed in the green at Rs. 3,062.55 on Monday. The stock hit its 52-week high at Rs. 3,864.4 on 12th September 2025, and is trading at a discount of nearly 21 percent.

In Q2 FY26, Waaree Energies experienced a significant growth in revenue from operations of Rs. 6,066 crores, an increase of around 37 percent QoQ and 70 percent YoY. Net profit stood at Rs. 878 crores, representing an impressive rise of more than 13 percent QoQ and 133 percent YoY. In terms of financial ratios, the company has a RoE of 27.4 percent and ROCE of 34.9 percent, with a debt-to-equity ratio of 0.26.

Waaree Energies Limited is primarily engaged in the business of manufacturing solar photovoltaic (PV) modules, cells and setting up projects in the solar space and the sale of electricity.

Apar Industries Limited

With a market cap of Rs. 35,525 crores, the stock closed in the green at Rs. 8,844 on Monday. The stock hit its 52-week high at Rs. 11,797.35 on 8th January 2025, and is trading at a discount of nearly 25 percent.

In Q2 FY26, Apar Industries experienced a significant growth in revenue from operations of Rs. 5,715 crores, an increase of around 12 percent QoQ and 23 percent YoY. Meanwhile, its net profit stood at Rs. 252 crores, representing a marginal decline of around 4 percent QoQ but a growth of 30 percent YoY. In terms of financial ratios, the company has a RoE of 19.5 percent and ROCE of 32.7 percent, with a debt-to-equity ratio of 0.14.

APAR Industries Limited operates in the diverse fields of electrical and metallurgical engineering, offering value-added products and services in power transmission conductors, petroleum speciality oils, power & telecom cables and house wires. It ranks as the largest transformer oil manufacturer in India and the third largest globally.

Suzlon Energy Limited

With a market cap of Rs. 73,374.4 crores, the stock closed in the green at Rs. 53.51 on Monday. The stock hit its 52-week high at Rs. 74.3 on 30th May 2025, and is trading at a discount of nearly 28 percent.

In Q2 FY26, Suzlon Energy experienced a significant growth in revenue from operations of Rs. 3,871 crores, an increase of around 24 percent QoQ and 84 percent YoY. Meanwhile, its net profit stood at Rs. 1,279 crores, representing an impressive rise of around 295 percent QoQ and 536 percent YoY. In terms of financial ratios, the company has a RoE of 41.4 percent and ROCE of 32.5 percent, with a debt-to-equity ratio of 0.05.

Suzlon Energy Limited is primarily engaged in the business of manufacturing Wind Turbine Generators (WTGs) and the sale of related components of various capacities, project execution, power evacuation, Operation and Maintenance (O&M) of Wind Turbine Generators (WTGs) and power generation business.

Premier Energies Limited

With a market cap of Rs. 40,110 crores, the stock closed in the red at Rs. 885.45 on Monday. The stock hit its 52-week high at Rs. 1,384 on 1st January 2025, and is trading at a discount of nearly 36 percent.

In Q2 FY26, Premier Energies experienced a significant growth in revenue from operations of Rs. 1,837 crores, an increase of around 1 percent QoQ and 20 percent YoY. Meanwhile, its net profit stood at Rs. 353 crores, representing a rise of around 15 percent QoQ and 71 percent YoY. In terms of financial ratios, the company has a RoE of 53.6 percent and ROCE of 41.1 percent, with a debt-to-equity ratio of 0.47.

Premier Energies Limited is principally engaged in the business of trading of solar modules, solar cells, silicon wafers and other accessories and undertakes construction/project-related activities. It is one of the first Indian companies to produce TOPCon cells and holds ~100 percent market share in solar cell exports from India.

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