Indian Undervalued based on future growth

Oil and Natural Gas

Market Cap: ₹3.1t

Engages in the exploration, development, and production of crude oil and natural gas in India and internationally.

Indian Oil

Market Cap: ₹1.9t

Indian Oil Corporation Limited, together with its subsidiaries, refines, pipeline transports, and markets petroleum products in India and internationally.

Vedanta

Market Cap: ₹1.6t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

REC

Market Cap: ₹1.1t

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

Jindal Steel & Power

Market Cap: ₹909.7b

Operates in the steel, mining, and infrastructure sectors in India and internationally.

Hindustan Petroleum

Market Cap: ₹810.1b

Engages in the refining and marketing of petroleum products in India and internationally.

Lloyds Metals and Energy

Market Cap: ₹670.8b

Manufactures and sells sponge iron products in India.

IndusInd Bank

Market Cap: ₹640.7b

Engages in the provision of various banking products and services to individuals, NRIs, business owners, corporates, and government and financial institutions.

IDFC First Bank

Market Cap: ₹484.4b

Engages in the provision of various banking and financial services to corporates, individuals, multi-national companies, SMEs/entrepreneurs, financial institutions, and the government in India.

Steel Authority of India

Market Cap: ₹474.2b

A steel-making company, manufactures and sells iron and steel products in India and internationally.

Jindal Stainless

Market Cap: ₹460.8b

Manufactures and sells stainless-steel flat products in India and internationally.

Housing and Urban Development

Market Cap: ₹440.9b

Provides loans and financing for housing and urban development projects in India.

Bandhan Bank

Market Cap: ₹266.5b

Engages in the provision of banking and financial services for personal and business customers in India.

Shyam Metalics and Energy

Market Cap: ₹247.3b

An integrated metal company, manufactures and sells long steel products and ferro alloys in India and internationally.

Mangalore Refinery and Petrochemicals

Market Cap: ₹240.5b

Engages in the manufacture and sale of refined petroleum products in India and internationally.

Piramal Enterprises

Market Cap: ₹221.3b

Operates as a non-banking financial company in India.

Manappuram Finance

Market Cap: ₹192.1b

A gold loan non-banking financial company, provides retail credit products and financial services in India.

IIFL Finance

Market Cap: ₹155.6b

A non-banking financial company, engages in financing activities in India and internationally.

NCC

Market Cap: ₹133.0b

Engages in the construction business in India and internationally.

Bombay Burmah Trading Corporation

Market Cap: ₹133.0b

Engages in the tea and coffee plantations, auto electric components, healthcare, and real estate businesses in India and internationally.

ACME Solar Holdings

Market Cap: ₹128.4b

A solar independent power producing company, engages in developing, building, owning, operating, and maintaining utility scale renewable energy projects in India.

Godawari Power & Ispat

Market Cap: ₹127.0b

Engages in the mining of iron ores in India.

RBL Bank

Market Cap: ₹114.4b

Operates as a scheduled commercial bank in India.

Jai Balaji Industries

Market Cap: ₹110.2b

Manufactures and markets iron and steel products primarily in India.

Graphite India

Market Cap: ₹90.2b

Manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally.

HEG

Market Cap: ₹89.6b

Manufactures and sells graphite electrodes in India and internationally.

Ujjivan Small Finance Bank

Market Cap: ₹85.3b

Provides various banking and financial services in India.

JK Tyre & Industries

Market Cap: ₹85.0b

Engages in the developing, manufacturing, marketing, and distribution of automotive tyres, tubes, flaps, and retreads in India, Mexico, and internationally.

Birla

Market Cap: ₹83.7b

Manufactures and sells cement and clinker in India and internationally.

Equitas Small Finance Bank

Market Cap: ₹79.8b

Provides various banking products and services to for individuals and corporates, and micro, small, and medium enterprises in India.

Kirloskar Ferrous Industries

Market Cap: ₹76.3b

Manufactures and sells iron castings in India and internationally.

Karnataka Bank

Market Cap: ₹75.6b

Provides various banking and financial services in India.

MOIL

Market Cap: ₹64.6b

Engages in the exploration, development, and marketing of various grades of manganese ores in India.

CSB Bank

Market Cap: ₹61.7b

Provides banking and financial services for small and medium enterprises, retail, and NRI customers in India.

Strides Pharma Science

Market Cap: ₹60.2b

Develops, manufactures, and sells pharmaceutical products in Africa, Australia, North America, Europe, Asia, India, and internationally.

Sunteck Realty

Market Cap: ₹59.3b

Engages in real estate construction and development business in India.