Nifty 50 stocks trading below industry P/E average will be a crucial metric to consider , which compares a company’s stock price to its earnings per share. A lower PE ratio relative to the industry average might suggest a stock is undervalued, potentially offering a good investment opportunity.
Hero MotoCorp Ltd
Hero MotoCorp Ltd engages in the manufacture of two wheeler,Its products include Karizma ZMR, Xtreme Sports, Achiever 150, New Glamour, Super Splendor, and Passion X Pro. It operates through the Domestic and Overseas segments.
The shares of Hero MotoCorp Ltd fell by 0.26 percent to Rs 3772 compared to its previous close of Rs 3781.90, and its market capitalization stands at Rs 74,404 crores.
With a P/E ratio of 18.22, just below the industry average of 153.22, the stock seems fairly valued. It is also trading at a 40 percent discount from its 52-week high of Rs.6,245.
Dr Reddy’s Laboratories Ltd
Dr Reddy’s Laboratories Ltd engaged in the businesses of Active Pharmaceutical Ingredients (API), generics, branded generics, biosimilars and over-the-counter pharmaceutical products around the world. The Pharmaceutical Services and Active Ingredients segment focuses on manufacturing and marketing of active pharmaceutical ingredients and intermediates.
The share of Dr Reddy’s Laboratories Ltd rose by 0.42 percent to Rs 1163 to its previous close of Rs 1159.50, and its market capitalization stands at Rs 97,735 crores.
With a P/E ratio of 18, just below the industry average of 39 , the stock seems fairly valued. It is also trading at a 17 percent discount from its 52-week highs of Rs.1,420.20
IndusInd Bank ltd
IndusInd Bank ltd is one of India’s leading financial services companies engaged in banking solutions and partners for approximately 42 million customers across the country, including individuals, large corporations, various government entities, and PSUs
The share of Indusind Bank Ltd rose by 0.56 percent to Rs 792 compared to previous close of Rs 788.25, and its market capitalization stands at Rs 61,993 crores.
With a P/E ratio of 8.47, just below the industry average of 17.17 , the stock seems fairly valued. It is also trading at a 53 percent discount from its 52-week highs of Rs.1550.
Written by Sanjay G
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