Unlocking Value: 2 Cheap ASX 200 Shares for Indian Investors
In the current market environment, finding cheap shares can be a challenging task. However, with a keen eye for undervalued opportunities, Indian investors can still discover hidden gems in the Australian market. In this article, we will explore two ASX 200 shares that, despite being blue-chip companies, are trading at relatively cheap valuations.
A Deeper Dive into CSL
CSL Limited (ASX: CSL) is a well-known healthcare company that has been a staple in many Australian portfolios for years. The company’s shares have historically been highly valued, but in recent years, they have struggled to match their previous growth trajectory. Despite this, CSL remains a dominant player in the global blood plasma medicine space, with a strong track record of delivering consistent earnings growth.
In its latest quarterly results, CSL reported a 5% increase in revenues and a 7% rise in net profits. These figures may not be as impressive as they once were, but they still demonstrate the company’s underlying strength and resilience. With a current share price of around $250, CSL offers Indian investors a rare opportunity to buy into a blue-chip company at a relatively cheap price.
A Closer Look at Woolworths
Woolworths Group Limited (ASX: WOW) is another well-established company that has been facing headwinds in recent times. The company’s shares have been impacted by a decline in same-store sales and increased competition from rival Coles Group Limited (ASX: COL). However, despite these challenges, Woolworths remains a dominant player in the Australian retail space, with a strong brand and a loyal customer base.
In its latest quarterly results, Woolworths reported a 3.1% increase in same-store sales and a 2.5% rise in underlying profit. While these figures may not be as impressive as they once were, they still demonstrate the company’s underlying strength and resilience. With a current share price of around $40, Woolworths offers Indian investors a rare opportunity to buy into a blue-chip company at a relatively cheap price.
Conclusion
In conclusion, CSL and Woolworths are two ASX 200 shares that offer Indian investors a rare opportunity to buy into blue-chip companies at relatively cheap prices. While both companies have faced challenges in recent times, they remain dominant players in their respective industries and have a strong track record of delivering consistent earnings growth. As such, they are definitely worth considering for any Indian investor looking to add some value to their portfolio.
Important Disclosure
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy.
