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In market parlance, this mindset is referred to as "contrarian investing." Under this strategy, investors purchase shares during periods of negative market sentiment or when a specific stock is under pressure. Independent market expert Ambareesh Baliga has identified five such stocks that appear attractive at their current levels. He believes that, despite the uncertain environment—such as the ongoing conflict—these stocks could witness a significant rebound in the near future. Investors who deploy capital here stand to earn substantial returns over a reasonable timeframe.

**Himadri Specialty Chemical Limited:** According to market experts, Himadri Specialty Chemicals is a leading integrated manufacturer of carbon and specialty chemicals. The company has established a complete value chain, ranging from coal tar distillation to value-added products such as carbon black, advanced pitch, and specialty oils. Over the past few years, the company has shifted its focus away from generic industrial products to concentrate on high-margin specialty products.

Approximately 30% of its revenue is derived from exports, while the majority of its raw material requirements are sourced domestically. Consequently, the impact of geopolitical situations—such as the conflict involving Iran—is expected to remain limited. A robust balance sheet (holding ₹371 crore in net cash), a Return on Capital Employed (ROCE) of 34%, and a presence across diverse markets provide the company with resilience, even during market downturns. The company's Earnings Per Share (EPS) is projected to reach ₹21 by the financial year 2028, with a target price set at ₹630.

**Shakti Pumps:** This is a leading manufacturer of solar-powered and electric submersible pumps. Its products find application across various sectors, including agriculture, industrial operations, building services, and domestic households. The company boasts a nationwide network comprising over 500 dealers and 400 service centers, while its export operations extend its presence to more than 100 countries. The company holds an approximate 25% market share within the government's PM-KUSUM scheme and possesses a robust order book valued at nearly ₹2,000 crore. Shakti Pumps is now actively working to evolve beyond being merely a solar pump manufacturer to become a comprehensive provider of clean-tech solutions. The EPS is projected at ₹45, and the target price at ₹900 by the financial year 2028.

Sagility: Sagility provides operational and technology services to the healthcare sector. The company primarily manages backend processes for health insurance companies and healthcare providers, playing a crucial role in the administration of health plans. The company has witnessed accelerated growth over the past year, and its business outlook appears positive for the long term. It is estimated that the company's revenue could exceed ₹10,000 crore by the financial year 2028. Its EPS is projected at ₹3, and the target price is set at ₹54.

EMS Limited: This company primarily constructs and manages infrastructure projects related to water and wastewater treatment. Approximately half of the company's order book—amounting to about ₹1,100 crore—is currently in the initial design and engineering phase. Additionally, projects worth nearly ₹4,000 crore are in the pipeline. Over the coming year, the company's growth trajectory will depend less on securing new orders and more on the timely completion of its existing projects. For the financial year 2028, its EPS is projected at ₹38, and the target price is set at ₹380.

Orkla India: This company operates in the packaged foods sector, selling spices and ready-to-eat food products. Its portfolio includes strong brands such as MTR Foods and Eastern Condiments. Approximately 70% of the company's revenue is generated in South India, a region characterized by high consumption of packaged foods. South India contributes nearly 30% to the country's total GDP and also records a higher per capita expenditure on packaged food products. Through an improved distribution network, product diversification, and enhancements in sales channels, the company is well-positioned to consistently increase its earnings in the future. By the financial year 2028, its EPS is estimated to reach ₹27, and the target price has been fixed at ₹756. Experts believe that while the stock market may currently be witnessing a downturn, as soon as the conflict subsides—and the economy, along with global markets, gets back on track—the market will regain its former momentum. In the times ahead, companies with strong fundamentals—particularly those that source the majority of their raw materials for production domestically—will be best positioned to capitalize on the stock market's resurgence. Such companies will not have to rely heavily on external supply chains, a factor that will ultimately translate into enhanced performance.

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