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Dozen Nifty50 stocks trade below 20x price/earning
The New Indian Express Kottayam
|March 18, 2025
A dozen stocks, mostly banking and energy stocks, in the Nifty50 index are trading below a P/E of 20, providing an opportunity to investors despite broader concerns related to expensive valuations in the Indian market.
As of Monday's closing, the benchmark Nifty50 index had a P/E of 20, a sharp decline from a P/E of 24.4 on September 27, 2024. Nifty has a one-year median P/E of 22.5, which is in line with the five-year average P/E of 22.6.
Nifty50 stocks trading below a P/E of 20 have a strong buy call from analysts.
The Price-to-Earnings (P/E) ratio measures a company's stock price relative to its earnings per share. It helps investors assess valuation, growth potential, and compare stocks within industries.
This story is from the March 18, 2025 edition of The New Indian Express Kottayam.
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