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Indian (NIFTY) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies4213
  • 7D-3.7%
  • 3M5.1%
  • 1Y44.0%
  • YTD3.3%

Over the last 7 days, the market has dropped 3.7%, driven by a decline of 4.0% in the Financials sector. As for the longer term, the market has actually risen by 44% in the last year. Earnings are forecast to grow by 18% annually.

Market Valuation and Performance

Has the Indian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024₹374.4t₹154.8t₹14.8t28.5x25.3x2.4x
Thu, 15 Feb 2024₹379.7t₹154.9t₹14.8t31x25.6x2.5x
Sat, 13 Jan 2024₹369.0t₹152.4t₹14.2t31.5x26.1x2.4x
Mon, 11 Dec 2023₹345.5t₹152.2t₹14.1t28.7x24.4x2.3x
Wed, 08 Nov 2023₹315.3t₹152.3t₹14.0t27.9x22.5x2.1x
Fri, 06 Oct 2023₹320.4t₹152.3t₹13.4t27.7x23.9x2.1x
Sun, 03 Sep 2023₹313.9t₹152.3t₹13.4t27.3x23.4x2.1x
Tue, 01 Aug 2023₹308.6t₹151.4t₹13.0t26.9x23.8x2x
Thu, 29 Jun 2023₹289.4t₹149.9t₹12.5t25.4x23.2x1.9x
Sat, 27 May 2023₹280.0t₹149.6t₹12.5t23.2x22.3x1.9x
Mon, 24 Apr 2023₹262.4t₹145.3t₹12.3t22x21.4x1.8x
Wed, 22 Mar 2023₹253.3t₹144.6t₹12.2t20.6x20.8x1.8x
Fri, 17 Feb 2023₹265.5t₹144.7t₹12.2t21.7x21.8x1.8x
Sun, 15 Jan 2023₹278.9t₹139.4t₹11.9t23x23.4x2x
Tue, 13 Dec 2022₹285.9t₹139.2t₹11.9t23.2x24x2.1x
Thu, 10 Nov 2022₹275.2t₹136.6t₹11.9t22x23.2x2x
Sat, 08 Oct 2022₹268.8t₹131.2t₹11.9t22.1x22.6x2x
Mon, 05 Sep 2022₹271.2t₹130.9t₹11.8t21.8x22.9x2.1x
Wed, 03 Aug 2022₹264.5t₹126.3t₹11.7t21.7x22.7x2.1x
Fri, 01 Jul 2022₹238.1t₹122.1t₹11.4t20.5x21x2x
Sun, 29 May 2022₹246.8t₹120.5t₹11.3t19.5x21.8x2x
Tue, 26 Apr 2022₹258.7t₹108.6t₹10.6t21.9x24.3x2.4x
Thu, 24 Mar 2022₹253.6t₹108.4t₹10.6t20.2x23.9x2.3x
Sat, 19 Feb 2022₹254.0t₹108.4t₹10.6t20.8x23.9x2.3x
Mon, 17 Jan 2022₹271.9t₹102.0t₹9.9t23.5x27.5x2.7x
Wed, 15 Dec 2021₹260.1t₹101.8t₹9.9t20.1x26.3x2.6x
Fri, 12 Nov 2021₹263.1t₹100.9t₹9.4t20.9x27.9x2.6x
Sun, 10 Oct 2021₹261.5t₹96.2t₹8.9t21.7x29.3x2.7x
Tue, 07 Sep 2021₹249.8t₹96.5t₹8.7t19.8x28.6x2.6x
Thu, 05 Aug 2021₹235.6t₹96.4t₹8.9t20.1x26.5x2.4x
Sun, 09 May 2021₹203.7t₹87.7t₹7.4t18.4x27.6x2.3x
Price to Earnings Ratio

27.2x


Total Market Cap: ₹200.9tTotal Earnings: ₹7.4tTotal Revenue: ₹87.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.4x202220232024
Current Market PE
  • Investors are relatively neutral on the Indian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 24.4x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 26% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Indian Market?

IN Market-3.69%
Tech0.46%
Telecom-0.68%
Consumer Staples-1.39%
Healthcare-3.00%
Financials-4.05%
Materials-4.28%
Consumer Discretionary-4.30%
Industrials-4.70%
Energy-5.64%
Utilities-5.93%
Real Estate-8.77%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 62.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.7%, which is higher than its past year's earnings growth of 23.1% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings growth rate of 31% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 3.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
532454 Bharti Airtel₹1.23k2.3%
+₹168.9b
62.3%PE88.1xTelecom
HDFCBANK HDFC Bank₹1.45k1.3%
+₹138.9b
-7.4%PB2.5xFinancials
TCS Tata Consultancy Services₹4.15k0.7%
+₹109.1b
32.1%PE33.5xTech
ITC ITC₹417.452.0%
+₹101.8b
10.2%PE25.4xConsumer Staples
MARUTI Maruti Suzuki India₹11.64k2.1%
+₹75.7b
41.6%PE30.1xConsumer Discretionary
See more
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Market Insights

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Latest News

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₹2,878.95

Reliance Industries

7D

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1Y

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ITC

₹417.45

ITC

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1Y

10.2%

532466

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Oracle Financial Services Software

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HDFCBANK

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₹421.85

Coal India

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1Y

94.4%

LICI

₹904.40

Life Insurance Corporation of India

7D

-10.6%

1Y

57.3%

SOLARINDS

₹8,544.15

Solar Industries India

7D

10.5%

1Y

123.9%

SBIN

₹730.95

State Bank of India

7D

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523457

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Linde India

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500570

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Tata Motors

7D

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500696

₹2,300.05

Hindustan Unilever

7D

-3.7%

1Y

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