Indian (NIFTY) Market Analysis & Valuation

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 09 Aug 2022	₹266.2t	₹128.3t	₹11.5t	21.5x	23.1x	2.1x
Thu, 07 Jul 2022	₹242.6t	₹120.7t	₹11.4t	20.7x	21.4x	2x
Sat, 04 Jun 2022	₹250.9t	₹121.9t	₹11.3t	20.3x	22.2x	2.1x
Mon, 02 May 2022	₹260.4t	₹109.2t	₹10.8t	22x	24.2x	2.4x
Wed, 30 Mar 2022	₹256.2t	₹108.1t	₹10.5t	19.8x	24.3x	2.4x
Fri, 25 Feb 2022	₹236.5t	₹108.4t	₹10.6t	19x	22.3x	2.2x
Sun, 23 Jan 2022	₹262.8t	₹102.3t	₹10.0t	23x	26.4x	2.6x
Tue, 21 Dec 2021	₹247.0t	₹101.8t	₹9.9t	19x	25x	2.4x
Thu, 18 Nov 2021	₹264.3t	₹101.7t	₹9.9t	20.3x	26.8x	2.6x
Sat, 16 Oct 2021	₹267.6t	₹96.3t	₹8.9t	22.2x	29.9x	2.8x
Mon, 13 Sep 2021	₹251.7t	₹96.5t	₹8.7t	19.9x	28.9x	2.6x
Wed, 11 Aug 2021	₹233.1t	₹96.4t	₹8.9t	19.4x	26.2x	2.4x
Sun, 06 Jun 2021	₹219.3t	₹87.7t	₹7.4t	20.7x	29.7x	2.5x
Wed, 10 Mar 2021	₹198.8t	₹83.1t	₹5.3t	18.5x	37.5x	2.4x
Tue, 01 Dec 2020	₹172.4t	₹81.8t	₹4.8t	17.9x	35.8x	2.1x
Fri, 04 Sep 2020	₹151.9t	₹82.7t	₹4.4t	17.3x	34.2x	1.8x
Mon, 08 Jun 2020	₹125.7t	₹89.0t	₹4.6t	12.8x	27.3x	1.4x
Sun, 01 Mar 2020	₹144.7t	₹91.9t	₹5.6t	13x	26.1x	1.6x
Wed, 04 Dec 2019	₹152.4t	₹91.8t	₹5.2t	13.4x	29.2x	1.7x
Sat, 07 Sep 2019	₹138.1t	₹91.5t	₹5.7t	13.3x	24.3x	1.5x

Current Market PE

Investors are pessimistic on the Indian market, indicating that they anticipate earnings will not grow as fast as they have historically.

The market is trading at a PE ratio of 23.1x which is lower than its 3-year average PE of 28.2x.

Past Earnings Growth

The earnings for Indian listed companies have grown 27% per year over the last three years.
Revenues for these companies have grown 12% 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	1.04%
Utilities	3.20%
Tech	2.67%
Materials	1.69%
Industrials	1.20%
Healthcare	0.89%
Consumer Discretionary	0.60%
Consumer Staples	0.56%
Financials	0.55%
Telecom	-0.26%
Energy	-0.26%
Real Estate	-2.25%

Sector PE

Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 21.6x.
Analysts are expecting annual earnings growth of 13%, which is lower than the prior year's growth of 31% per year.
This could indicate that the market believes that analysts are underestimating future growth.
Investors are most pessimistic about the Energy sector, which is trading close to its 3-year average of 14.5x.

Forecasted Growth

Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 35% over the next 5 years.
However this is lower than its past earnings growth rate of 48% per year.

In contrast, the Energy sector is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation	Sector
INFY Infosys	₹1.62k	4.4% +₹286.7b	-2.6%	PE29x	Tech
TCS Tata Consultancy Services	₹3.37k	2.3% +₹276.8b	1.6%	PE31.8x	Tech
539254 Adani Transmission	₹3.44k	5.4% +₹197.6b	261.1%	PE527.2x	Utilities
ATGL Adani Total Gas	₹3.37k	4.6% +₹162.1b	267.0%	PE732.6x	Utilities
512599 Adani Enterprises	₹2.79k	5.0% +₹152.1b	87.0%	PE326.6x	Industrials

Company

Last Price

Valuation

Sector

INFY Infosys

₹1.62k

4.4%
+₹286.7b

-2.6%

PE29x

Tech

TCS Tata Consultancy Services

₹3.37k

2.3%
+₹276.8b

1.6%

PE31.8x

Tech

539254 Adani Transmission

₹3.44k

5.4%
+₹197.6b

261.1%

PE527.2x

Utilities

ATGL Adani Total Gas

₹3.37k

4.6%
+₹162.1b

267.0%

PE732.6x

Utilities

512599 Adani Enterprises

₹2.79k

5.0%
+₹152.1b

87.0%

PE326.6x

Industrials

Adani Green Energy Limited Announces Board Changes

Adani Green Energy Limited announced in furtherance to withdrawal of nomination by TotalEnergies Renewables Indian Ocean Limited, cessation of directorship of Mr. José Ignacio Sanz Saiz (DIN: 08705604) (Category: Non-Executive, Nominee Director) of the Company was noted and taken on record by the Board with effect from July 27, 2022. In furtherance to the nomination letter dated July 27, 2022 received from TotalEnergies Renewables Indian Ocean Limited, and on the recommendation of the Nomination and Remuneration Committee, Ms. Ahlem Friga Noy (DIN: 09652701) has been appointed as an Additional Director (Category: Non- Executive, Nominee Director) of the Company with effect from July 27, 2022 to hold office up to the date of the upcoming general meeting and as a member of the Audit Committee, the Nomination & Remuneration Committee and the Risk Management Committee of the Board of the Company. Ms. Ahlem Friga-Noy is a seasoned public affairs, geopolitical adviser and negotiation expert with 20 years' experience, in the public and private sector. From August 2019, she was appointed as Total's Country Chair in Kazakhstan and Managing Director - Total E&P Kazakhstan. Earlier, from May 2012 to July 2016 she was the Corporate Affairs Manager at Total E&P Uganda and from July 2016 to August 2019, she held position of the Vice President Public Affairs Africa Division for Total Group, based in Uganda. Before joining Total Group, she was Advisor on Sub-Sahara Africa to the French Minister of Foreign and European Affairs and to the French Minister for Cooperation. Ms. Ahlem speaks English, Italian, Arab, and Swahili and holds a master's degree in Public Law and bachelor's In International Law.

Indian (NIFTY) Market Analysis & Valuation

Market Valuation and Performance

Sector Trends

Top Stock Gainers and Losers

Market Insights

Latest News

SBIN

First quarter 2023 earnings released: EPS: ₹8.21 (vs ₹8.27 in 1Q 2022)

RELIANCE

Reliance Industries Limited Recommends Dividend for the Financial Year Ended March 31, 2022

502355

Balkrishna Industries Limited Declares First Interim Dividend for the Financial Year 2022-23

GAIL

First quarter 2023 earnings released: EPS: ₹7.34 (vs ₹4.81 in 1Q 2022)

BRITANNIA

First quarter 2023 earnings: EPS and revenues miss analyst expectations

ATGL

First quarter 2023 earnings released: EPS: ₹1.26 (vs ₹1.30 in 1Q 2022)

512599

First quarter 2023 earnings released: EPS: ₹4.18 (vs ₹2.47 in 1Q 2022)

INDUSTOWER

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

533148

Investor sentiment improved over the past week

INFY

Estimating The Intrinsic Value Of Infosys Limited (NSE:INFY)

TCS

A Look Into Tata Consultancy Services' (NSE:TCS) Impressive Returns On Capital

540719

First quarter 2023 earnings released: EPS: ₹2.63 (vs ₹2.23 in 1Q 2022)

ASIANPAINT

Here's Why Asian Paints (NSE:ASIANPAINT) Can Manage Its Debt Responsibly

ADANIGREEN

Adani Green Energy Limited Announces Board Changes

539254

Adani Transmission Limited Appoints Mrs. Lisa Caroline MacCallum as Independent Director (Non-Executive)

500696

Hindustan Unilever Limited Declares Final Dividend for the Financial Year Ended 31 March, 2022