New Delhi: At a time stock markets are bleeding, numerous investors panic and look for ideas and suggestions to make changes in their portfolios so that their holdings remain in Green. Now, for example, the PE ratio of some good companies is lower than their industry average. It is generally believed that stocks thave more potential and are preferred for long term investment. According to Trendlyne, some companies like Suzlon Energy, Lupin, Ashok Leyland have low PE ratios and are expected to grow up to 50 per cent.
The stock market has recorded a decline since September 2024. The Sensex has declined nearly 10000 points since September 27, 2024. The Nifty also dropped drastically by losing around 3,000 points.
Stocks which have potential to increase
- Torrent Power: According to the Trendlyne report, the share has the potential to rise to the level of Rs 1,501. The PE ratio is 26, while the industry average is 34.2.
- Ashok Leyland: The report mentioned that the stock’s average target price is Rs 255, from which returns of up to 17 per cent are expected. Its PE ratio is 22.7, while the industry average is 27.9.
- Colgate-Palmolive: In the report, the target price is set at Rs 2,849, which indicates a jump of around 17 per cent from the market price. Its PE ratio is 45.2, while the industry average is 50.6.
- Aurobindo Pharma: According to the report, the average target price is predicted at Rs 1,504, which indicates a possibility of 31 per cent upside. Its PE ratio is 19.1, while the industry average is 38.5.
- HPCL shares have the potential to reach the target price of Rs 397, which means the stock can increase by 26 per cent from its current level. Its PE ratio is 11, while the industry average is 22.6.
- The report backed multibagger stock – Suzlon Energy to rise to the levels of Rs 75, which indicates a rise of 50 per cent from the current levels. Its PE ratio is 60, while the industry average is 70.
- NHPC shares can touch the level of Rs 96, which indicates a jump of around 33 per cent from the current levels. Its PE ratio is 26.8, while the industry average is 34.2.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
The shares of Torrent Power, Ashok Leyland, Suzlon Energy, NHPC, Aurobindo Pharma, and Colgate-Palmolive are expected to rise has the companies have strong fundamentals and have low PE. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
