ICICI Bank, a leading private-sector bank in India, stands as a key player in the financial sector. Offering diverse banking and financial services, ICICI Bank has played a crucial role in shaping India’s modern banking landscape and fostering economic growth.
The Price/Earnings to Growth (PEG) ratio is a financial metric that assesses a stock’s valuation by considering its price-to-earnings ratio in relation to its earnings growth rate. It helps investors gauge if a stock is reasonably valued based on its growth prospects.
Here is the list of stocks in the ICICI portfolio with a peg ratio of less than one:-
Andhra Paper Ltd
Andhra Paper Limited is an Indian paper and packaging firm. The company manufactures and sells pulp, paper, and paper boards for business and household usage under its hallmark brands, such as Primavera, Primavera White, Truprint Ivory, CCS, Truprint Ultra, etc.
With a market capitalization of Rs 2,061.28 crore, the shares were trading at Rs 518.30 per share, decreasing around 1.28 percent as compared to the previous closing price. The company’s PEG ratio has been assessed to be 0.14.
Industrial Credit and Investment Corporation of India holds 518,764 equity shares which is equivalent to 1.30 percent of the company as of December 2023.
The company’s revenue stood at Rs 477 crore in Q3FY24, during the same time frame, net profit stood at Rs 82 crore.
Biocon Ltd
Biocon Limited specializes in the treatment of diabetes, cancer, and autoimmune illnesses. Its product lines include generics, biosimilars, novel biologics, and research services. It has developed and marketed innovative biologics, biosimilars, and complicated small-molecule active pharmaceutical ingredients (APIs) in India.
With a market capitalization of Rs 33,292.64 crore, the shares were trading at Rs 276.00 per share, decreasing around 0.18 percent as compared to the previous closing price. The company’s PEG ratio has been assessed to be 0.42.
Industrial Credit and Investment Corporation of India holds 2,38,85,144 equity shares which is equivalent to 1.99 percent of the company as of December 2023.
The company’s revenue stood at Rs 3,954 crore in Q3FY24, during the same time frame, net profit stood at Rs 753 crore.
UPL LTD
UPL’s primary businesses include agrochemicals, industrial chemicals, chemical intermediates, specialty chemicals, and the manufacture and distribution of field crops and vegetable seeds.
With a market capitalization of Rs 36,173.73 crore, the shares were trading at Rs 473.45 per share, increasing around 0.83 percent as compared to the previous closing price. The company’s PEG ratio has been assessed to be 0.39.
Industrial Credit and Investment Corporation of India holds 2,27,02,529 equity shares which is equivalent to 3.02 percent of the company as of December 2023.
The company’s revenue stood at Rs 9,887 crore in Q3FY24, during the same time frame, net loss stood at Rs 1,607 crore.
Written by:- Abhishek Singh
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