Synopsis:
This article highlights companies from various industries, such as FMCG, IT, Power, Investment, and Retail, with a 3-year beta of less than 1.
Beta of a stock helps measure how stock prices move in relation to market movements. A stock with a beta below 1 is generally steadier than the broader market. This makes it appealing to risk-averse investors, as it tends to decline less when the market experiences a downturn.
The following five companies have a 3Y beta less than 1:
1. Hindustan Unilever Limited
Hindustan Unilever Limited operates in the FMCG sector, focusing mainly on Home Care, Beauty & Personal Care, and Foods & Refreshment. The company has production units across India and primarily serves the Indian market.
With a market capitalization of Rs.5,94,235.13 crore, the shares of Hindustan Unilever Limited closed at Rs.2,529.10, up by 0.46 percent from the previous day’s closing price of Rs.2,517.45.
In the first quarter of FY25, the company’s revenue from operations was Rs.15,707 crore, which rose to Rs.16,514 crore in the same quarter of FY26. Net profit also rose to Rs.2,768 crore from Rs.2,612 crore for the same period.
The firm’s return on equity stands at 20.7 percent, while return on capital employed stands at 27.8 percent. With a P/E ratio of 55.81 and an industry average of 50.87. Three-year beta of the stock is 0.59.
2. Tech Mahindra Limited
Tech Mahindra Limited offers a wide range of IT services such as IT-enabled solutions, application development and maintenance, consulting, and enterprise business solutions.
With a market capitalization of Rs.1,42,746.72 crore, the shares of Tech Mahindra Limited closed at Rs.1,457.25, down by 0.62 percent from the previous day’s closing price of Rs.1,466.30.
In the first quarter of FY25, the company’s revenue from operations was Rs.13,006 crore, which rose to Rs.13,351 crore in the same quarter of FY26. Net profit also rose to Rs.1,129 crore from Rs.865 crore for the same period.
The firm’s return on equity stands at 14.6 percent, while return on capital employed stands at 18.6 percent. With a P/E ratio of 31.45 and an industry average of 29.96. Three-year beta of the stock is 0.56.
3. Power Grid Corporation Of India Limited
Power Grid Corporation of India Limited, a public sector company, is responsible for electric power transmission in India. It manages the planning, construction, operation, and maintenance of the country’s Inter-State Transmission System and also provides telecom and consultancy services. The company operates about 90 percent of India’s interstate and inter-regional power transmission network. The company has also entered the telecom sector by using its nationwide transmission infrastructure.
With a market capitalization of Rs.2,68,926.96 crore, the shares of Power Grid Corporation of India Limited closed at Rs.289.5, up by 1.05 percent from the previous day’s closing price of Rs.286.15.
In the first quarter of FY25, the company’s revenue from operations was Rs.11,006 crore, which rose to Rs.11,196 crore in the same quarter of FY26. Net profit also dropped to Rs.3,631 crore from Rs.3,724 crore for the same period.
The firm’s return on equity stands at 17 percent, while return on capital employed stands at 12.8 percent. With a P/E ratio of 17.52 and an industry average of 17.25. Three-year beta of the stock is 0.61.
4. Bajaj Holdings & Investments Limited
Bajaj Holdings & Investment Limited is an India-based investment company that focuses on exploring new business opportunities. It does not operate directly in manufacturing or services but focuses on long-term investments, portfolio management, and strategic stakes in subsidiaries and other businesses.
With a market capitalization of Rs.1,34,209.96 crore, the shares of Bajaj Holdings & Investment Limited closed at Rs.12,059.10, up by 1.26 percent from the previous day’s closing price of Rs.11,909.
In the first quarter of FY25, the company’s revenue from operations was Rs.134 crore, which rose to Rs.325 crore in the same quarter of FY26. Net profit also rose to Rs.3,504 crore from Rs.1,615 crore for the same period.
The firm’s return on equity stands at 11 percent, while return on capital employed stands at 9.82 percent. With a P/E ratio of 19.31 and an industry average of 23.02. Three-year beta of the stock is 0.69.
5. Trent Limited
Trent Limited is a retail company in India that runs several store chains. It sells clothing, shoes, accessories, toys, and games. The company operates Westside, a popular retail chain; Star Bazaar, a hypermarket; and Landmark, a family entertainment store.
With a market capitalization of Rs.1,66,707.62 crore, the shares of Trent Limited closed at Rs.4,689.55, up by 0.52 percent from the previous day’s closing price of Rs.4,665.20.
In the first quarter of FY25, the company’s revenue from operations was Rs.4,104 crore, which rose to Rs.4,883 crore in the same quarter of FY26. Net profit also rose to Rs.425 crore from Rs.391 crore for the same period.
The firm’s return on equity stands at 30.4 percent, while return on capital employed stands at 30.7 percent. With a P/E ratio of 105.23 and an industry average of 42.16. Three-year beta of the stock is 0.77.
Written by Jhanavi Sivakumar
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