Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Market Analysis & Valuation

UpdatedNov 10, 2025
DataAggregated Company Financials
Companies4865
  • 7D-1.0%
  • 3M3.7%
  • 1Y0.6%
  • YTD1.8%

Over the last 7 days, the market has remained flat, although notably the Utilities sector declined by 3.9%. As for the longer term, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Nov 2025₹467.2t₹181.6t₹18.2t27.4x25.7x2.6x
Thu, 09 Oct 2025₹457.1t₹179.0t₹17.6t27.7x25.9x2.6x
Sat, 06 Sep 2025₹450.5t₹177.8t₹17.6t27.8x25.6x2.5x
Mon, 04 Aug 2025₹442.3t₹175.3t₹17.4t29x25.4x2.5x
Wed, 02 Jul 2025₹459.4t₹173.4t₹17.1t29.6x26.8x2.7x
Fri, 30 May 2025₹443.9t₹173.5t₹17.2t27.9x25.9x2.6x
Sun, 27 Apr 2025₹418.6t₹169.8t₹16.8t26.8x24.9x2.5x
Tue, 25 Mar 2025₹414.0t₹169.0t₹16.8t26x24.7x2.4x
Thu, 20 Feb 2025₹394.5t₹168.9t₹16.8t25.7x23.5x2.3x
Sat, 18 Jan 2025₹426.7t₹168.1t₹16.4t31.4x26x2.5x
Mon, 16 Dec 2024₹457.4t₹167.6t₹16.3t33x28x2.7x
Wed, 13 Nov 2024₹436.6t₹166.4t₹16.2t32.5x26.9x2.6x
Fri, 11 Oct 2024₹459.1t₹163.0t₹16.0t33.7x28.7x2.8x
Sun, 08 Sep 2024₹456.9t₹162.8t₹16.0t34.5x28.6x2.8x
Tue, 06 Aug 2024₹437.9t₹161.9t₹15.8t33.5x27.7x2.7x
Thu, 04 Jul 2024₹443.4t₹160.1t₹15.8t33.8x28.1x2.8x
Sat, 01 Jun 2024₹410.3t₹165.5t₹16.6t30.1x24.7x2.5x
Mon, 29 Apr 2024₹399.7t₹156.7t₹15.1t31.7x26.5x2.6x
Wed, 27 Mar 2024₹378.2t₹154.9t₹14.8t28.7x25.6x2.4x
Fri, 23 Feb 2024₹387.4t₹154.8t₹14.8t31.7x26.2x2.5x
Sun, 21 Jan 2024₹369.3t₹153.1t₹14.2t31.2x25.9x2.4x
Tue, 19 Dec 2023₹354.6t₹152.2t₹14.2t29.3x25.1x2.3x
Thu, 16 Nov 2023₹321.8t₹152.7t₹14.2t27.6x22.6x2.1x
Sat, 14 Oct 2023₹318.2t₹151.2t₹13.2t28.4x24.2x2.1x
Mon, 11 Sep 2023₹322.3t₹152.3t₹13.4t28x24.1x2.1x
Wed, 09 Aug 2023₹307.5t₹151.4t₹13.3t26.9x23x2x
Fri, 07 Jul 2023₹298.8t₹150.0t₹12.5t26x23.9x2x
Sun, 04 Jun 2023₹282.4t₹150.3t₹12.5t24.3x22.6x1.9x
Tue, 02 May 2023₹269.3t₹146.2t₹12.3t22.3x22x1.8x
Thu, 30 Mar 2023₹252.5t₹144.9t₹12.2t20x20.8x1.7x
Sat, 25 Feb 2023₹257.3t₹144.7t₹12.2t21.1x21.2x1.8x
Mon, 23 Jan 2023₹277.9t₹140.0t₹11.9t23.1x23.3x2x
Wed, 21 Dec 2022₹285.1t₹139.2t₹11.9t23.2x24x2x
Fri, 18 Nov 2022₹280.3t₹137.9t₹11.9t22.1x23.6x2x
Price to Earnings Ratio

23.6x


Total Market Cap: ₹280.3tTotal Earnings: ₹11.9tTotal Revenue: ₹137.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 25x202320242025
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 25.0x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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-0.98%
Financials0.63%
Energy-0.45%
Real Estate-0.59%
Healthcare-0.69%
Materials-1.25%
Consumer Staples-1.29%
Consumer Discretionary-1.42%
Industrials-1.81%
Tech-1.90%
Telecom-2.07%
Utilities-3.86%
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 51.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.4%, which is higher than its past year's earnings growth of 10.8% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 7.3% 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
BAJFINANCE Bajaj Finance₹1.09k4.0%
+₹260.1b		60.1%PE38.7xFinancials
POWERINDIA Hitachi Energy India₹21.30k18.9%
+₹150.6b		57.9%PE132.4xIndustrials
ASIANPAINT Asian Paints₹2.65k5.5%
+₹132.6b		4.2%PE70.7xMaterials
M&M Mahindra & Mahindra₹3.66k3.2%
+₹128.4b		25.0%PE28.7xConsumer Discretionary
INFY Infosys₹1.51k1.9%
+₹116.1b		-18.6%PE21.7xTech
See more

Market Insights

Header cover image
⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks
Richard Bowman avatar
Richard Bowman
|
|
In this week’s piece, we’ll: Explain what’s happening in the world of private credit, Review why the industry presents new risks today, Identify how investors can reduce downside exposure
Continue reading
🏦 Room to Run: A Look at Where the Financial Sector Could Go
Last Week

🏦 Room to Run: A Look at Where the Financial Sector Could Go

Latest News

BAJFINANCE
₹1,085.00
Bajaj Finance
7D
4.0%
1Y
60.1%

Does Bajaj Finance (NSE:BAJFINANCE) Deserve A Spot On Your Watchlist?

Nov 10
Does Bajaj Finance (NSE:BAJFINANCE) Deserve A Spot On Your Watchlist?
ADANIPOWER
₹150.06
Adani Power
7D
-4.3%
1Y
29.6%
500420
₹3,817.50
Torrent Pharmaceuticals
7D
5.2%
1Y
21.1%
500251
₹4,282.35
Trent
7D
-9.1%
1Y
-33.9%
BRITANNIA
₹6,133.50
Britannia Industries
7D
5.4%
1Y
12.9%

Britannia Industries Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 09
Britannia Industries Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
POWERGRID
₹268.20
Power Grid Corporation of India
7D
-6.9%
1Y
-18.7%

POWERGRID: Interim Dividend And Auditor Changes Will Strengthen Shareholder Returns Outlook

Narrative Update on Power Grid Corporation of India Analysts have slightly reduced their price target for Power Grid Corporation of India from ₹319 to ₹316.04, citing changes in underlying growth and profitability assumptions. What's in the News The Board of Directors will meet on November 3, 2025, to review and approve unaudited financial results for the quarter and half-year ended September 30, 2025.
M&M
₹3,663.90
Mahindra & Mahindra
7D
3.2%
1Y
25.0%

M&M: Future Margins And Partnerships Will Shape Balanced Outlook

Analysts have increased their price target for Mahindra & Mahindra from ₹3,891.31 to ₹3,993.94. They cite expectations of improved profit margins and a lower discount rate, even though revenue growth projections have been moderated.
POWERINDIA
₹21,297.00
Hitachi Energy India
7D
18.9%
1Y
57.9%

POWERINDIA: Capacity Expansion And Leadership Changes Will Guide Measured Future Prospects

Analysts have raised their price target for Hitachi Energy India from ₹20,557.30 to ₹20,817.30. This change reflects updated expectations for higher revenue growth and a slightly increased discount rate.
500440
₹785.15
Hindalco Industries
7D
-7.2%
1Y
19.8%

500440: Fair Value To Be Maintained As Margins And Outlook Improve

Analysts have raised their price target for Hindalco Industries by approximately ₹10, citing improved outlooks for revenue growth and profit margins. What's in the News Hindalco Industries has scheduled a board meeting on November 7, 2025.
ETERNAL
₹301.45
Eternal
7D
-6.6%
1Y
16.6%

ETERNAL: New Foundation Launch Will Drive Broader Impact And Support Further Upside

Analysts have raised their price target for Eternal slightly from $378.19 to $380.45, citing improved confidence in the company's valuation. This is driven by a modest reduction in the discount rate used in their models.
500114
₹3,801.50
Titan
7D
2.0%
1Y
18.5%

500114: Profitability Will Offset Slower Expansion To Support Fair Valuation

Titan Price Target Increased on Improved Profitability, Despite Slower Growth Analysts have raised Titan's fair value estimate to $4,090.63 from $4,004.74. They cite expectations for improved profit margins and a lower projected future valuation multiple, which offset slightly reduced revenue growth forecasts.
ASIANPAINT
₹2,650.40
Asian Paints
7D
5.5%
1Y
4.2%

Why You Should Care About Asian Paints' (NSE:ASIANPAINT) Strong Returns On Capital

Nov 05
Why You Should Care About Asian Paints' (NSE:ASIANPAINT) Strong Returns On Capital
532454
₹2,021.15
Bharti Airtel
7D
-2.5%
1Y
29.5%

532454: AI Investments And Partnerships Will Strengthen Fair Value Outlook

Analysts have raised their price target for Bharti Airtel from ₹2,087.34 to ₹2,124.03. This reflects increased confidence in improved profit margins and favorable future valuation multiples, despite a slightly moderated revenue growth outlook.
INFY
₹1,513.50
Infosys
7D
1.9%
1Y
-18.6%

INFY: Continued Digital Demand Will Drive Margin Strength Despite New Visa Fees

Infosys’ analyst price target was slightly reduced from ₹1,705.95 to ₹1,704.36, as analysts cited minor adjustments to growth and discount rate assumptions. They maintained confidence in profit margin strength and fair value.
LICI
₹899.70
Life Insurance Corporation of India
7D
-2.2%
1Y
-2.0%

The Market Doesn't Like What It Sees From Life Insurance Corporation of India's (NSE:LICI) Earnings Yet

Oct 28
The Market Doesn't Like What It Sees From Life Insurance Corporation of India's (NSE:LICI) Earnings Yet
HDFCBANK
₹984.50
HDFC Bank
7D
-0.8%
1Y
11.5%