Top 5 LOW PE Stocks to Buy Now

What are low PE stocks?

The price-to-earnings ratio (P/E) is one of the most popular stock valuation metric. It helps determine if a stock is overvalued or undervalued.

Oil and Natural Gas Corporation Ltd (ONGC)

A government-owned company and one of India’s largest oil and gas producers. ONGC often displays a low P/E ratio due to the cyclical nature of energy markets. 

Coal India Ltd.

Coal India also tends to exhibit a low P/E ratio, which may reflect environmental concerns and the shifting landscape of energy sources. 

NMDC Ltd

NMDC is India’s biggest iron ore producer and is also government-owned.  Like other commodity-related businesses, NMDC’s P/E can fluctuate based on iron ore prices.

NTPC Ltd

NTPC, India’s top power producer, grapples with low P/E amid renewables shift 

Steel Authority of India Ltd (SAIL)

A leading steel producer in India, also under government ownership. Steel companies face cyclical demand, potentially leading to periods of lower stock valuation. 

Always research thoroughly and consult a financial advisor before investing.

SwipeUp to Visit