Godrej Properties, Muthoot Finance among 10 mid-cap stocks trading below industry PE, may gain up to 45%
Low PE stocks are often considered value picks for long-term investment. According to Trendlyne data, Lupin, Suzlon Energy, Godrej properties, Aurobindo Pharma, and Muthoot Finance are trading at lower PE ratios than their industry averages. Despite spanning various sectors, these BSE Mid-Cap index stocks have the potential to gain up to 45%, as per Trendlyne.
Brokers have set an average target price of Rs 2,301 on Lupin, signalling an upside of 9% from the current market prices. The PE of the stock is at 33.7, while the industry PE is at 39.5.
Brokers have set an average target price of Rs 2,488 on Cummins, indicating an upside potential of 6% from the current market prices. The PE of the stock is at 19, while the industry PE is at 34.3.
The average target price of NHPC set by the brokers is Rs 91, which shows an upside potential of 10% from the current market prices. The PE of the stock is at 30.4, while the industry PE is at 31.6.
The brokers have set an average target price of Rs 3,394 on Cummins, indicating an upside of 16% from the current market prices. The PE of the stock is at 40.5, while the industry PE is at 49.1.
The brokers have set an average target price of Rs 71 on Suzlon Energy, implying an upside of 25% from the current market prices. The PE of the stock is at 67.5, while the industry PE is at 75.8.
The average target price of Hindustan Petroleum Corporation Ltd (HPCL) from brokers is Rs 400, signalling an upside of 12% from the current market prices. The PE of the stock is at 12.6, while the industry PE is at 23.4.
The brokers have set an average target price of Rs 657 on Indian Bank, indicating an upside of 20% from the current market prices. The PE of the stock is at 7, while the industry PE is at 15.1.
The brokers have set an average target price of Rs 1,488 on Aurobindo Pharma, indicating an upside of 24% from the current market prices. The PE of the stock is at 20, while the industry PE is at 39.5.
The brokers have set an average target price of Rs 2,840 on Colgate-Palmolive, implying an upside of 18% from the current market prices. The PE of the stock is at 44.7, while the industry PE is at 49.3.
The average target price of Godrej Properties from brokers is Rs 3,082, signalling an upside of nearly 45% from the current market prices. The PE of the stock is at 43.4, while the industry PE is at 44.2.
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