The Government of Singapore publicly holds 50 stocks worth Rs. 215,030 Crores that are trading in the Indian Stock Exchanges. The price/earnings-to-growth, or PEG ratio is a valuation metric used for stocks, and a PEG ratio of under 1 can indicate a stock is undervalued and is a potential buy
Below are some of the stocks held by the Government Of Singapore with a PEG ratio of less than 1.
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. 6,53,460 Crores, the shares of State Bank of India Limited closed at Rs. 732, down 1.18 percent from its previous day’s close price of Rs. 740.75. It has a Low PEG ratio of 0.12.
The Government of Singapore currently holds a 1.11 percent stake in the company consisting of 9.84 Crore equity shares of the company. It took a fresh holding position in the company in Dec 2019 by purchasing a 1.16 stake consisting of 10.23 Crore equity shares.
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.
Axis Bank
Axis Bank Limited is the third-largest private bank in India offering an entire spectrum of financial and banking services like advisory services, retail banking, treasury, and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, and many more.
With a market capitalization of Rs. 3,23,468 Crores, the shares of Axis Bank Limited closed at Rs. 1,048, down 0.96 percent from its previous day’s close price of Rs. 1,058. It has a Low PEG ratio of 0.14.
The Government of Singapore currently holds a 2.22 percent stake in the company consisting of 6.62 Crore equity shares of the company. It took a fresh holding position in the company in September 2016 by purchasing a 1.81 stake consisting of 4.13 Crore equity shares.
Its Total Income grew by 25.53 percent from Rs. 27,990.34 Crores in Q3FY23 to Rs. 35,136.83 Crores in Q3FY24, accompanied by profits of Rs. 6,209.37 Crores to Rs. 6,493.36 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. 1,05,050 Crores, the shares of Dr. Reddy’s Laboratories Limited closed at Rs. 6,297.80, down 0.02 percent from its previous day’s close price of Rs. 6299.20. It has a Low PEG ratio of 0.52.
The Government of Singapore currently holds a 1.07 percent stake in the company consisting of 17.81 Lakh equity shares of the company. It took a fresh holding position in the company in December 2015 by purchasing a 1.40 stake consisting of 23.81 Lakh equity shares.
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.
Max Healthcare Institute
Max Healthcare Institute Limited owns, operates, and provides medical services through primary care clinics, super-specialty hospitals, and many more by providing operation and management, medical services, clinical, radiology, and other related healthcare services.
With a market capitalization of Rs. 70,460 Crores, the shares of Max Healthcare Institute closed at Rs. 726.35, down 0.83 percent from its previous day’s close price of Rs. 732.45. It has a Low PEG ratio of 0.58.
The Government of Singapore currently holds a 7.60 percent stake in the company consisting of 7.38 Crore equity shares of the company. It took a fresh holding position in the company in June 2022 by purchasing a 1.13 stake consisting of 1.1 Crore equity shares.
Its revenue from operations grew by 16.90 percent from Rs. 1,142 Crores in Q3FY23 to Rs. 1,335 Crores in Q3FY24, accompanied by increasing profits of Rs. 222 Crores to Rs. 289 Crores.
Power Grid Corporation of India
Power Grid Corporation of India is a power transmission company with Maharatna Central Public Sector Enterprise status, engaged in the business of implementation, operation, and maintenance of Inter-state Inter-State Transmission System (ISTS), Telecom and consultancy services
With a market capitalization of Rs. 2,46,977 Crores, the shares of Power Grid Corporation of India Limited closed at Rs. 266.30, down 0.09 percent from its previous day’s close price of Rs. 266.55. It has a Low PEG ratio of 0.59.
The Government of Singapore currently holds a 2.49 percent stake in the company consisting of 23.12 Crore equity shares of the company. It took a fresh holding position in the company in June 2020 by purchasing a 1.67 stake consisting of 8.75 Crore equity shares.
Its revenue from operations grew by 2.55 percent from Rs. 11,262 Crores in Q3FY23 to Rs. 11,550 Crores in Q3FY24, accompanied by increasing profits of Rs. 3,645 Crores to Rs. 4,028 Crores.
Written by: Bharath K.S
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