Low PE stocks, often regarded as value stocks, are typically favoured for long-term investments. According to Trendlyne data, Narayana Hrudayalaya, CreditAccess Grameen, and PNB Housing Finance 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 25%, as suggested by Trendlyne data.
Here is a list of 8 smallcap stocks from the Nifty Smallcap100 index with below industry PE levels that can rally up to 25%:
2/9
NLC India | CMP: Rs 235
Brokers have set an average target price of Rs 259 on NLC India, signalling an upside of 10% from the current market prices. The PE of the stock is at 17.5, while the industry PE is at 33.9.
ETMarkets.com
3/9
Ircon International | CMP: Rs 276
Brokers have set an average target price of Rs 281 on Ircon International, indicating an upside potential of 2% from the current market prices. The PE of the stock is at 28, while the industry PE is at 40.
ETMarkets.com
4/9
Narayana Hrudayalaya | CMP: Rs 1,200
The average target price of Narayana Hrudayalaya set by the brokers is Rs 1,379, which shows an upside potential of 15% from the current market prices. The PE of the stock is at 31, while the industry PE is at 75.8.
ETMarkets.com
5/9
CreditAccess Grameen | CMP: Rs 1,473
The brokers have set an average target price of Rs 1,814 on CreditAccess Grameen, indicating an upside of 23% from the current market prices. The PE of the stock is at 16.2, while the industry PE is at 26.5.
ETMarkets.com
6/9
Cyient | CMP: Rs 1,871
The brokers have set an average target price of Rs 2,204 on Cyient, implying an upside of 18% from the current market prices. The PE of the stock is at 30.9, while the industry PE is at 31.4.
ETtech
7/9
PNB Housing Finance | CMP: Rs 3,618
The average target price of PNB Housing Finance from brokers is Rs 915, signalling an upside of 17% from the current market prices. The PE of the stock is at 13.5, while the industry PE is at 20.1.
iStock
8/9
IIFL Finance | CMP: Rs 475
The brokers have set an average target price of Rs 593 on IIFL Finance, indicating an upside of 25% from the current market prices. The PE of the stock is at 11.4, while the industry PE is at 39.1.
ETMarkets.com
9/9
RR Kabel | CMP: Rs 156
The brokers have set an average target price of Rs 1,927 on RR Kabel, indicating an upside of 10% from the current market prices. The PE of the stock is at 66.3, while the industry PE is at 74.3.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
