- The prices of 30 stocks of Nifty 200 index are running at a discount.
- These also include shares of many giant companies like M&M.
- Investing in these stocks now can give up to 30% profit in 12 months.
After the boom in the stock market, the prices of many shares have reached the sky. Therefore, investors who have invested in shares at a reasonable price are still keeping distance from the market. However, analysts say that there are still many such stocks, whose prices are running low. You can earn good money by investing in these stocks.
According to an ET study, 30 companies included in the Nifty 200 Index are trading at a discount. This means that their prices are now lower than the long-term average. These include M&M, Manappuram Finance, PFC, Aurobindo Pharma, Coal India, REC, BPCL, HPCL and LIC Housing Finance. ) Are included. Analysts say that in the next 12 months, 10 to 30 per cent profit can be earned from investing in these stocks.
Gaurav Dua, head (capital market strategy), brokerage firm Sharekhan, said, “Benchmark indices are trading at a premium of 15 to 20 per cent to their long-term average valuation multiple. Valuations in some growth stocks are currently under way. Looks too much.” The PE Ratio of Nifty is currently 21 on the estimated earnings estimates for FY 2022. This is higher than other emerging markets. Dua said his company has increased investments in SBI, PowerGrid, Petronet, LNG, GAIL, BPCL, M&M, Federal Bank and Axis Bank.
Analysts expect a re-rating of M&M. This is because the group is focusing on better utilization of capital. Axis Bank and Federal Bank have also tried to strengthen their balance sheets. They will benefit when there is demand for loans from companies.
Follow Ashish Somaiya’s advice, earn bumper returns from stocks