Stocks under ₹100 with PEG ratio less than 1

Stocks under ₹100 with PEG ratio less than 1

by | Mar 16, 2025 | Featured

The Price-to-Earnings Growth (PEG) ratio is a financial metric that combines a company’s price-to-earnings (P/E) ratio with its earnings growth rate. It is calculated by dividing the P/E ratio by the company’s expected earnings growth rate.

A PEG ratio of 1 is generally considered to indicate that a stock is fairly valued, as the price aligns with the company’s growth rate. A ratio below 1 suggests that the stock may be undervalued relative to its growth potential, while a ratio above 1 could indicate overvaluation.

GPT Infraprojects Ltd 

GPT Infraprojects is a leading infrastructure development company in India, primarily engaged in the construction of railways, bridges, and highways. The company has a strong presence in the infrastructure sector, with a focus on quality and timely execution of projects.

The PEG ratio of the stock stands at 0.59, the current market price is Rs. 93.09, which is significantly lower than its 52-week high of Rs. 207. This reflects a decline of 55 percent from its peak.

Party Cruisers Ltd 

Party Cruisers Ltd is an event management and hospitality company that specializes in wedding curation and execution, focused on end to end management by working with eminent service providers. It also provides venues for corporate and social events, aiming to offer unique and luxurious experiences to its customers.

The PEG ratio of the stock stands at 0.52, the current market price is Rs. 95.2, which is significantly lower than its 52-week high of Rs. 140. This reflects a decline of 32 percent from its peak.

Jammu and Kashmir Bank Ltd 

Jammu and Kashmir Bank Ltd is a major commercial bank in India, headquartered in Srinagar, with a wide network of branches. It offers a range of banking services, including retail, corporate, and investment banking, serving customers across the country.

The PEG ratio of the stock stands at 0.15, the current market price is Rs. 92.2, which is significantly lower than its 52-week high of Rs. 147. This reflects a decline of 38 percent from its peak.

Jai Corp Ltd

Jai Corp Ltd is a diversified company with interests in sectors such as plastics, real estate, and infrastructure development. The company focuses on manufacturing products like plastic films and textiles, alongside real estate development ventures.

The PEG ratio of the stock stands at 0.48, the current market price is Rs. 91.5, which is significantly lower than its 52-week high of Rs. 438. This reflects a decline of 79 percent from its peak.

Sunil Industries Ltd 

Sunil Industries Ltd is a manufacturing company known for its production of various industrial products, particularly in the field of textile and fabrics. It serves both domestic and international markets, offering high-quality products to meet industrial needs.

The PEG ratio of the stock stands at 0.81, the current market price is Rs. 90.4, which is significantly lower than its 52-week high of Rs. 119.25. This reflects a decline of 24 percent from its peak.

Defence stocks likely to benefit after announcement of “ReArm Europe” plan of $850 Billion

Defence stocks likely to benefit after announcement of “ReArm Europe” plan of $850 Billion

by | Mar 15, 2025 | Case Study

Defence stocks, which were highly favored in 2024, are making a strong comeback after a sharp decline. The sector had a strong rally last year due to rising global tensions and increased exports, but faced a selloff due to high valuations, budget issues, and profit-taking. Just as investors began doubting the long-term potential, Europe’s $850 billion defence plan has turned things around, creating new opportunities for growth in the market.

Europe’s $850 billion defense plan

The EU’s decision comes after the US stopped providing military aid to Ukraine, suggesting a change in global defence priorities. To strengthen its military, the EU has asked member countries to increase their defence spending by 1.5 percent of GDP, leading to a total of EUR 650 billion ($683 billion) in defense spending over the next four years.

The EU has also introduced a joint borrowing plan of EUR 150 billion ($157 billion) to fund essential defense needs like air and missile defense, artillery, munitions, and drones. This means the total “ReArm Europe” plan could mobilize around EUR 800 billion ($850 billion).

How will this plan benefit Indian Defence stocks?

The EU’s defence spending is beneficial for domestic companies like Bharat Dynamics, Solar Industries, and Bharat Electronics. These companies have already supplied equipment and components to countries such as Armenia, and are expected to benefit further from the increased defence budget, and along with it they can benefit as follows:

  • Increased Demand for Defense Products: As the EU boosts its defense spending, there could be more demand for advanced defence technologies, equipment, and systems, including those produced by Indian defence companies.
  • Export Opportunities: As global defense spending increases, Indian defence companies may get more opportunities to export their products, particularly to European nations or other countries investing in defense.
  • Partnerships and Collaborations: The EU’s rearmament plan could lead to collaborations or joint ventures between Indian defense firms and European companies. This would enhance technological know-how and expand the market for Indian defence products.
  • Government Policies: India’s focus on self-reliance in defence manufacturing (Atmanirbhar Bharat) could align with international defence spending trends, potentially opening up government tenders and global defence contracts for Indian companies.

India’s Defence Exports

India’s defence exports have reached a record high of Rs 21,000 crore in FY24, a 33 percent increase from the previous year, thanks to the government’s push for local manufacturing through the ‘Make In India’ initiative. The government aims to raise defense exports to Rs 50,000 crore by 2029.

Elara securities mentioned that currently, the top three countries importing defense products from India are the US, France, and Armenia. Indian companies have supplied various weapons and equipment, including the 155mm artillery, Akash air defence missile, Pinaka multi-launch rocket system, the BrahMos missile, artillery guns, Dornier-228 aircraft, radars, armored vehicles, fuselage and wings for aircraft & helicopters, bulletproof vests, night vision equipment and electronics.

The stocks to keep on your radar

Zen technologies Ltd

The stock is currently priced around Rs. 1,197 in Tuesday’s trade. It has given almost 20  percent return this March, and from its 52-week high, the stock is now trading at a 52 percent discount.

Bharat Dynamics Ltd

The stock is currently priced around Rs. 1,120 in Tuesday’s trade. It has given a 16 percent return this March, and from its 52-week high, the stock is now trading at a 37 percent discount.

Data Patterns (India) 

The stock is currently priced around Rs. 1,574 in Tuesday’s trade. It has given a 13 percent return this March, and from its 52-week high, the stock is now trading at a 55 percent discount.

Bharat Electronics

The stock is currently priced around Rs. 275 in Tuesday’s trade. It has given a 12 percent return this March, and from its 52-week high, the stock is now trading at a 19 percent discount.

HAL Ltd

The stock is currently priced around Rs. 3,429 in Tuesday’s trade. It has given a 12 percent return this March, and from its 52-week high, the stock is now trading at a 39 percent discount.

Paras Defence Ltd

Paras Defence Ltd
The stock is currently priced around Rs. 897 in Tuesday’s trade. It has given a 10 percent return this March, and from its 52-week high, the stock is now trading at a 39 percent discount.

And other stocks like Solar Industries India Ltd, MTAR Technologies Ltd, DCX Systems Ltd, Cochin Shipyard Ltd, GRSE Ltd are also set to benefit.

Financially strong stocks trading below their 3 years average PE to keep on your radar

Financially strong stocks trading below their 3 years average PE to keep on your radar

by | Mar 15, 2025 | Featured

A stock trading at a lower PE ratio than its 3-year average may indicate undervaluation compared to its historical levels, suggesting potential for future price growth if fundamentals remain strong. However, it’s essential to assess earnings growth and market conditions to avoid overlooking potential risks.

Listed below are 4 stocks with P/E below their three-year average.

Nestle India Ltd

With a market capitalization of Rs 2,10,904.56 crore, the shares of Nestle India Limited were trading at Rs 2187.45 apiece, marking a slight decrease from the previous closing price. The company is trading at a P/E of 67.28 as compared to a three-year P/E of 78.8.

Nestlé India Limited is one of the biggest FMCG companies in India offering beverages, prepared dishes, milk products, and confectionery. Its portfolio includes instant coffee, noodles, dairy items, chocolates and sauces. Popular brands are Nescafe, Maggi, Milkybar, Kit Kat and Milkmaid.

IRCTC

With a market capitalization of Rs 55,476.00 crore, the shares were trading at Rs 693.55 apiece, marking a slight decrease from the previous closing price. The company is trading at a P/E of 44.9 as compared to a three-year P/E of 62.1.

IRCTC is an Indian monopoly stock that offers online railway ticketing, catering services, and packaged drinking water at railway stations across India. The company runs Rail Neer plants, mobile catering, and food outlets at stations. It also provides rail tour packages with travel, lodging, sightseeing, and insurance.

Motherson Sumi Wiring India Ltd

With a market capitalization of Rs 22,428.28 crore, the shares were trading at Rs 50.73 apiece, marking a slight decrease from the previous closing price. The company is trading at a P/E of 35.5 as compared to a three-year P/E of 51.9.

Motherson Sumi Wiring India Ltd. provides wiring harness solutions for OEMs in India. It offers end-to-end services from design and validation to manufacturing and assembly. The company produces electrical distribution systems for power and data transfer in vehicles.

TCS

With a market capitalization of Rs 12,67,596.96 crore, the shares were trading at Rs 3,503 apiece, marking a slight decrease from the previous closing price. The company is trading at a P/E of 26 as compared to a three-year P/E of 30.4.

Tata Consultancy Services (TCS), the flagship company of the Tata Group, is a leading IT services, consulting, and business solutions provider. For over 50 years, TCS has collaborated with some of the world’s largest businesses. The company offers an AI-powered and consulting-driven portfolio of technology, business, and engineering services and solutions.

 

Financially strong stocks trading below their 3 years average PE to keep on your radar

Fundamentally strong stocks trading at 52 week low; Are you holding any?

by | Mar 15, 2025 | Featured

4 Fundamentally strong stocks trading at 52 week low; Are you holding any?

 

Indian stock markets are witnessing a sharp decline, with even fundamentally strong stocks hitting 52-week lows due to multiple factors. Rising global uncertainties, including U.S. trade tariffs and recession fears, have led to significant Foreign Institutional Investor (FII) outflows of $16 billion.

High valuations in mid-small-cap stocks have triggered corrections, while slowing GDP growth by 6.4 percent has weakened investor sentiment. Additionally, declining domestic fund inflows, particularly in mutual funds, and sector-specific pressures have further fueled the downturn.

IDFC First Bank

Formed through the 2018 merger of IDFC Bank and Capital First, IDFC FIRST Bank continues to expand in retail, MSME, and corporate banking. In Q3 FY25, the customer deposits rose 28.8 percent YoY to Rs 2.27 lakh crore, while loans grew 22 percent YoY to Rs 2.31 lakh crore. With a 47.7 percent CASA ratio and 16.11 percent capital adequacy ratio, 971 branches, and strong digital banking, the bank remains financially stable.

In Q3FY25, revenue reached Rs  9,343 crore, reflecting an 18.5 percent YoY growth from Rs 7,880 crore in Q3FY24 and a 4 percent QoQ increase from Rs 8,957 crore in Q2FY25. Profit declined to Rs 340 crore, marking a 53.5 percent YoY decline from Rs 732 crore in Q3 FY24 and a 60 percent QoQ increase from Rs 212 crore in Q2 FY25.

The stock is trading at Rs. 53.30, down 2.4 percent for the day but down 31 percent over the past year. The stock hit a 52-week low of Rs 53.30.

Delhivery

Since its inception in 2011, India’s leading fully integrated logistics provider has fulfilled over 2 billion orders, covering 18,700+ pin codes across all states. With 24 automated sort centers, 94 gateways, and 2,880 direct delivery centers, its 57,000+ workforce ensures seamless 24/7, year-round operations, powered by cutting-edge technology and world-class infrastructure.

In Q3FY25, revenue reached Rs. 2,378 crore, reflecting an 8 percent YoY growth from Rs. 2,194 crore in Q3FY24 and an 8.5 percent QoQ increase from Rs. 2,190 crore in Q2 FY25. Profit rose to Rs. 25 crore, marking 108 percent YoY growth from Rs. 12 crore in Q3 FY24 and a 150 percent QoQ increase from Rs. 10 crore in Q2 FY25.

The stock is trading at Rs. 242.11, above 0.8 percent for the day but down 43 percent over the past year. The stock hit an all-time low of Rs 236.53.

Astral Ltd

Founded in 1998, Astral Limited revolutionized India’s piping industry by introducing CPVC piping and expanding into pipes, adhesives, bathware, and paints. With a strong focus on quality and innovation, the company has grown into a household name in building materials. Today, Astral operates 16 manufacturing plants and exports to 31+ countries worldwide.

In Q3FY25, revenue reached Rs 1,397 crore, reflecting a 2 percent YoY growth from Rs 1,370 crore in Q3FY24 and a 2 percent QoQ increase from Rs 1370 crore in Q2FY25. Profit remained flat at Rs 113 crore, from Rs. 113 crore in Q3 FY24 and a 4 percent QoQ increase from Rs. 109 crore in Q2 FY25.

The stock is trading at Rs 1,240.30, down 2 percent for the day but down 38 percent over the past year. The stock hit a 52-week low of Rs 1,232.30.

LTIMindtree

Incorporated in 1996, LTIM, a subsidiary of L&T, is a technology solution provider, offering digital transformation and technology services to its clients spread across the globe. The company’s services include cloud & infrastructure, consulting, customer success, data & analytics, and digital engineering, among others. With a global presence in 40+ countries, 700+ clients, and annual revenue exceeding $4 billion

In Q3 FY25, revenue reached Rs 9,661 crore, reflecting a 7 percent YoY growth from Rs 9,017 crore in Q3 FY24 and a 2.4 percent QoQ increase from Rs 9,433 crore in Q2 FY25. Profit declined to Rs 1,087 crore, marking a 7 percent YoY decline from Rs 1,169  crore in Q3 FY24 and a 13 percent QoQ decrease from Rs 1,252 crore in Q2 FY25.

The stock is trading at Rs. 4,464.95, down 0.5 percent for the day but down 14 percent over the past year. The stock hit a 52-week low of Rs 4,437.45.

JSW Group stock in focus after signing its largest Power Purchase Agreement with West Bengal SEDCL

by | Mar 15, 2025 | Featured

This JSW Group stock, engaged in the business of generation of power, came into focus on Thursday after signing its largest Power Purchase Agreement with West Bengal State Electricity Distribution.

Stock Performance

With a market capitalization of Rs 90,141.16 crore, JSW Energy Ltd climbed over 1 percent to an intraday high of Rs 523.45 per share compared to its previous closing price of Rs 515.50 per share. The shares retraced and were trading at Rs 515.75, a slight increase compared to the previous close.

What Happened

JSW Energy signed its largest Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company Limited for a greenfield 1,600 MW (2 x 800 MW) super/ultra super critical thermal power plant. This also happens to be the largest greenfield capacity power project by the company.

Further, the company has also obtained the Commercial Operation Date (CoD) certificate for Unit 2 of the Utkal thermal power plant (2 × 350 MW), marking its readiness for full-scale commercial operations.

Management Commentary

Commenting on this milestone, CEO Mr. Sharad Mahendra, said “This project is poised to significantly boost local employment opportunities and contribute to the region’s economic growth, while ensuring a stable and reliable power supply for years to come….Both the plants benefit from the strategic advantage of being located near coal blocks, which results in lower operational costs. ”

Company Overview

JSW Energy Limited specializes in thermal and renewable energy generation. Its thermal segment produces electricity from coal, lignite, gas, and oil, while its renewables segment generates power through hydro, wind, and solar energy. The company owns multiple power plants, including Karcham, Barmer, Wangtoo, Vijayanagar, Ratnagiri and Baspa. The company has a locked-in generation capacity of 28.3 GW.

Financial Performance

Looking at the latest financial performance, the company has reported a 4 percent decrease in revenue from Rs 2,543 crore to Rs 2,439 crore in Q3 FY25. This was accompanied by a 32 percent decrease in net profits from Rs 232 crore to Rs 157 crore during the same period.