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Indian (NIFTY) Market Analysis & Valuation

UpdatedJan 16, 2025
DataAggregated Company Financials
Companies4534
  • 7D-3.5%
  • 3M-8.8%
  • 1Y10.7%
  • YTD-4.6%

Over the last 7 days, the market has dropped 3.5%, driven by losses in every sector, especially the Industrials sector. In the last year, the market is actually up 11%. As for the next few years, earnings are expected to grow by 18% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Jan 2025₹422.4t₹168.0t₹16.4t31x25.8x2.5x
Sat, 14 Dec 2024₹457.4t₹167.6t₹16.4t33x28x2.7x
Mon, 11 Nov 2024₹442.6t₹166.6t₹16.2t33.3x27.3x2.7x
Wed, 09 Oct 2024₹456.2t₹163.0t₹16.0t33.3x28.5x2.8x
Fri, 06 Sep 2024₹462.2t₹162.8t₹16.0t34.6x28.9x2.8x
Sun, 04 Aug 2024₹453.0t₹161.8t₹15.8t34.5x28.7x2.8x
Tue, 02 Jul 2024₹440.7t₹160.1t₹15.8t33.4x27.9x2.8x
Thu, 30 May 2024₹413.3t₹164.4t₹16.6t30.2x25x2.5x
Sat, 27 Apr 2024₹399.7t₹156.2t₹15.0t31.7x26.7x2.6x
Mon, 25 Mar 2024₹378.0t₹154.9t₹14.8t29x25.6x2.4x
Wed, 21 Feb 2024₹386.7t₹154.8t₹14.8t31.6x26.2x2.5x
Fri, 19 Jan 2024₹365.2t₹153.0t₹14.2t30.9x25.7x2.4x
Sun, 17 Dec 2023₹353.8t₹152.2t₹14.2t29.1x25x2.3x
Tue, 14 Nov 2023₹318.4t₹152.8t₹14.1t27.7x22.5x2.1x
Thu, 12 Oct 2023₹317.9t₹151.2t₹13.2t28.2x24.2x2.1x
Sat, 09 Sep 2023₹322.3t₹152.3t₹13.4t28x24.1x2.1x
Mon, 07 Aug 2023₹306.4t₹151.9t₹13.3t27x23x2x
Wed, 05 Jul 2023₹295.8t₹149.9t₹12.5t25.6x23.7x2x
Fri, 02 Jun 2023₹281.3t₹150.3t₹12.5t24x22.5x1.9x
Sun, 30 Apr 2023₹269.3t₹146.2t₹12.2t22.3x22x1.8x
Tue, 28 Mar 2023₹251.4t₹144.9t₹12.2t20x20.7x1.7x
Thu, 23 Feb 2023₹258.6t₹145.0t₹12.2t21.3x21.3x1.8x
Sat, 21 Jan 2023₹277.9t₹139.7t₹11.9t23.1x23.3x2x
Mon, 19 Dec 2022₹283.3t₹139.2t₹11.9t23x23.8x2x
Wed, 16 Nov 2022₹282.1t₹138.0t₹12.0t22.2x23.6x2x
Fri, 14 Oct 2022₹263.4t₹131.4t₹11.9t21.8x22.1x2x
Sun, 11 Sep 2022₹275.9t₹130.9t₹11.9t22.4x23.3x2.1x
Tue, 09 Aug 2022₹266.2t₹128.3t₹11.5t21.5x23.1x2.1x
Thu, 07 Jul 2022₹242.6t₹120.7t₹11.4t20.7x21.4x2x
Sat, 04 Jun 2022₹250.9t₹121.9t₹11.3t20.3x22.2x2.1x
Mon, 02 May 2022₹260.4t₹109.2t₹10.8t22x24.2x2.4x
Wed, 30 Mar 2022₹256.2t₹108.1t₹10.5t19.8x24.3x2.4x
Fri, 25 Feb 2022₹236.5t₹108.4t₹10.6t19x22.3x2.2x
Sun, 23 Jan 2022₹262.8t₹102.3t₹10.0t23x26.4x2.6x
Price to Earnings Ratio

26.4x


Total Market Cap: ₹262.8tTotal Earnings: ₹10.0tTotal Revenue: ₹102.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.4x202320242025
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 18% per year over the last three years.
  • Revenues for these companies have grown 18% 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-3.51%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Tech-1.26%
Utilities-1.27%
Telecom-1.39%
Energy-2.74%
Financials-3.07%
Consumer Staples-3.24%
Consumer Discretionary-3.52%
Materials-3.76%
Healthcare-5.42%
Industrials-5.84%
Real Estate-8.58%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 43.1x.
    • Analysts expect its future annual earnings growth (32.7%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.0x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Financials 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?

CompanyLast Price7D1YValuationSector
TCS Tata Consultancy Services₹4.21k4.1%
+₹605.8b
7.8%PE31.2xTech
ADANIPOWER Adani Power₹563.0013.1%
+₹251.1b
7.5%PE18.4xUtilities
532454 Bharti Airtel₹1.63k1.5%
+₹149.1b
50.1%PE80.9xTelecom
RELIANCE Reliance Industries₹1.27k0.9%
+₹148.7b
-7.4%PE23.7xEnergy
ADANIGREEN Adani Green Energy₹1.07k9.5%
+₹146.6b
-32.6%PE167.7xUtilities
See more
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Sun Pharmaceutical Industries

7D

-3.5%

1Y

32.0%

HCLTECH

₹1,792.25

HCL Technologies

7D

-7.4%

1Y

14.3%

LODHA

₹1,128.45

Macrotech Developers

7D

-13.8%

1Y

0.09%

BSE

₹5,994.65

BSE

7D

15.2%

1Y

160.9%

TCS

₹4,206.30

Tata Consultancy Services

7D

4.1%

1Y

7.8%

ADANIGREEN

₹1,070.25

Adani Green Energy

7D

9.5%

1Y

-32.6%

RELIANCE

₹1,266.45

Reliance Industries

7D

0.9%

1Y

-7.4%

HINDUNILVR

₹2,345.00

Hindustan Unilever

7D

-3.7%

1Y

-8.0%

532454

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Bharti Airtel

7D

1.5%

1Y

50.1%

M&M

₹2,980.60

Mahindra & Mahindra

7D

-4.7%

1Y

84.3%

ULTRACEMCO

₹10,636.20

UltraTech Cement

7D

-5.5%

1Y

7.5%

500188

₹455.20

Hindustan Zinc

7D

3.9%

1Y

46.0%