The P/E ratio, or Price-to-Earnings Ratio, is a financial metric that compares a company’s stock price to its earnings per share (EPS). It indicates how much investors are willing to pay for each unit of earnings, helping determine a stock’s valuation relative to its peers and assess if it’s potentially overvalued or undervalued.
So the question arises which high-quality nifty 50 stocks are trading at surprisingly low P/E Ratios? Discover likely undervalued gems that might be flying under the radar.
Coal India
Coal India Ltd. engages in the production and sale of coal. Its products and services include coking coal, semi-coking coal, non-coking coal, washed and beneficiated coal, middlings, rejects, coal fines and coke fines, tar, heavy oil, light oil, and soft pitch.
With a market capitalization of Rs.2.3 lakh crores, the shares of Coal India Ltd last closing price is Rs.382.95 each, representing a 31 percent drop from its 52-week high price of Rs.543.55 per share. It is trading at a Price-to-Earnings ratio of around 6.71.
State Bank of India
State Bank of India provides a range of products and services to personal, commercial enterprises, large corporates, public bodies and institutional customers. Its segments include Treasury, which includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts; Corporate/Wholesale Banking,etc,
With a market capitalization of Rs.6.62 lakh crores, the shares of State bank of India last closing price is Rs.768.40 each, representing a 18 percent drop from its 52-week high price of Rs.912 per share. It is trading at a Price-to-Earnings ratio of around 8.35.
Oil & Natural Gas Corpn
Oil and Natural Gas Corporation Limited is a global energy holding company. The Company is engaged in the exploration, development and production of crude oil and natural gas. The Company’s segments include Exploration & Production (E&P), and Refining.
With a market capitalization of Rs.2.79 lakh crores, the shares of Oil and natural gas (ONGC) last closing price is Rs.226.65 each, representing a 34 percent drop from its 52-week high price of Rs.345 per share. It is trading at a Price-to-Earnings ratio of around 7.
Axis Bank
Axis Bank Limited is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporate, MSMEs, Agriculture and retail businesses. It provides a complete suite of banking and financial services including retail banking, wholesale banking and treasury operations
With a market capitalization of Rs.3.28 lakh crores, the shares o f Axis bank last closing price is Rs.1077.50 each, representing a 19.3 percent drop from its 52-week high price of Rs.1339.65 per share.it is trading at a Price-to-Earnings ratio of around 11.67.
Written by Sanjay G
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