The NIFTY 50 is a benchmark stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE).
People generally prefer these stocks for stable and mature investments due to their high market capitalization, years of operations, growth, consistency, and others making them less volatile during market downturns, offering investors a safer investment option.
Here are some of the Nifty 50 stocks with price/earnings-to-growth (PEG) ratio less than 1, that you can add to your watchlist.
State Bank of India
State Bank of India Limited is a banking and financial services provider, engaged in providing a wide range of products and services to individuals, commercial enterprises, commercial enterprises, etc. Its business segments include Treasury, corporate/wholesale banking, retail baking, insurance business, and other banking businesses.
With a market capitalization of Rs. 6,85,856 Crores, the shares of State Bank of India Limited were trading at Rs. 768.50, up 0.01 percent from its previous day’s close price of Rs. 768.50.
State Bank of India Limited has delivered a return of 46 percent in one year and has reported a low PEG ratio of 0.13.
Its Total Income grew by 20.32 percent from Rs. 1,27,218.97 Crores in Q3FY23 to Rs. 1,53,071.64 Crores in Q3FY24, accompanied by profits of Rs. 15,669.65 Crores to Rs. 11,282.66 Crores.
Coal India
Coal India Limited is a Maharatna Central Public Sector Enterprise mainly engaged in the business of mining and production of Coal and it also operates Coal washeries. It accounts for over 80 percent of the domestic coal production.
With a market capitalization of Rs. 2,77,354 Crores, the shares of Coal India Limited were trading at Rs. 450.35, up 0.64 percent from its previous day’s close price of Rs. 447.50.
Coal India Limited has delivered a multibagger return of 102 percent in one year and has reported a low PEG ratio of 0.30.
Its revenue from operations grew by 2.80 percent from Rs. 35,169 Crores in Q3FY23 to Rs. 36,154 Crores in Q3FY24, accompanied by profits of Rs. 7,719 Crores to Rs. 9,094 Crores.
Dr. Reddy’s Laboratories
Dr. Reddy’s Laboratories Limited is a global pharmaceutical company engaged in the business of offering a wide range of products and services including active pharmaceutical ingredients, generics, biosimilars, and over-the-counter medicines.
With a market capitalization of Rs. 1,03,615 Crores, the shares of Dr. Reddy’s Laboratories Limited were trading at Rs. 6,211.55, up 0.65 percent from its previous day’s close price of Rs. 6,171.40.
Dr. Reddy’s Laboratories Limited has delivered a return of 30 percent in one year and has reported a low PEG ratio of 0.51.
Its revenue from operations grew by 6.58 percent from Rs. 6,790 Crores in Q3FY23 to Rs. 7,237 Crores in Q3FY24, accompanied by increasing profits of Rs. 1,244 Crores to Rs. 1,381 Crores.
ICICI Bank
ICICI Bank is one of the largest private-sector banks offering a diversified portfolio of banking and financial services including Retail Banking, Treasury, and Corporate Banking, Investment Banking, Stock Broking, and many more catering to all kinds of clients.
With a market capitalization of Rs. 7,68,351 Crores, the shares of ICICI Bank Limited were trading at Rs. 1,094.10, up 0.67 percent from its previous day’s close price of Rs. 1,086.85.
ICICI Bank Limited has delivered a return of 25 percent in one year and has reported a low PEG ratio of 0.52.
Its total income from operations grew by 24.27 percent from Rs. 47,859.5 Crores in Q3FY23 to Rs. 59,479.76 Crores in Q3FY24, accompanied by Net Profits of Rs. 8,792.42 Crores to Rs. 11,052.6 Crores.
Oil & Natural Gas Corporation
Oil and Natural Gas Corporation Limited is engaged in the business of exploration, development, and production of crude oil, natural gas, value-added products, and other related work.
With a market capitalization of Rs. 3,38,661 Crores, the shares of Oil & Natural Gas Corporation Limited were trading at Rs. 268.80, down 0.55 percent from its previous day’s close price of Rs. 270.35.
Oil & Natural Gas Corporation Limited has delivered a return of 72 percent in one year and has reported a low PEG ratio of 0.64.
Its revenue from operations declined by 2.15 percent from Rs. 1,69,213 Crores in Q3FY23 to Rs. 1,65,569 Crores in Q3FY24, accompanied by profits of Rs. 11,665 Crores to Rs. 10,748 Crores.
Written by: Bharath K.S
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