7 largecap stocks that are below industry PE levels can rally up to 22%

Apr 23, 2024, 09:40:23 AM IST1/8

Leg Up

Low PE stocks, often regarded as value stocks, are typically favoured for long-term investment strategies. Trendlyne data indicates that SBI Life, LIC, Infosys, HCL Tech, and Adani Ports are currently trading at lower PE ratios compared to their respective industry averages. Despite belonging to different sectors, these stocks have the potential to rally by up to 22%, as suggested by Trendlyne data.
Here is a list of 7 largecap stocks with below industry PE levels that can rally up to 22%:

2/8

SBI Life | CMP: Rs 1,475

Brokers have set an average target price of Rs 1,714 on SBI Life, signalling an upside of 16% from the current market prices. The PE of the stock is at 79.4, while the industry PE is at 80.2.

3/8

LIC | CMP: Rs 974

Brokers have set an average target price of Rs 1,060 on Life Insurance Corporation (LIC), signalling an upside potential of 9% from the current market prices. The PE of the stock is at 15.3, while the industry PE is at 80.2.

4/8

Infosys | CMP: Rs 1433

The average target price of Infosys set by the brokers is Rs 1,599, which shows an upside potential of 12% from the current market prices. The PE of the stock is at 22.67, while the industry PE is at 30.1.

5/8

Hindustan Unilever | CMP: Rs 2,241

The brokers have set an average target price of Rs 2,742 on Hindustan Unilever (HUL), indicating an upside of 22% from the current market prices. The PE of the stock is at 51, while the industry PE is at 53.
6/8

HCL Technologies | CMP: Rs 1,466

The brokers have set an average target price of Rs 1603 on HCL Technologies, implying an upside of 9% from the current market prices. The PE of the stock is at 25.3, while the industry PE is at 30.1.

7/8

NTPC | CMP: Rs 343

The average target price of NTPC from brokers is Rs 362, signalling an upside of 6% from the current market prices. The PE of the stock is at 17, while the industry PE is at 31.3.

8/8

Adani Ports | CMP: Rs 1,321

The brokers have set an average target price of Rs 1,375 on Adani Ports, indicating an upside of 4% from the current market prices. The PE of the stock is at 39.4, while the industry PE is at 39.8.

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