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Indian (NIFTY) Market Analysis & Valuation

UpdatedSep 11, 2025
DataAggregated Company Financials
Companies4756
  • 7D0.8%
  • 3M0.1%
  • 1Y-5.1%
  • YTD0.6%

In the last week, the market has been flat. Unfortunately though, the market is down 5.1% over the past year. Earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Sep 2025₹454.9t₹177.9t₹17.6t27.9x25.8x2.6x
Sun, 10 Aug 2025₹439.7t₹177.3t₹17.6t28.2x25x2.5x
Tue, 08 Jul 2025₹459.1t₹173.4t₹17.2t29.6x26.8x2.6x
Thu, 05 Jun 2025₹443.8t₹173.6t₹17.2t28.8x25.9x2.6x
Sat, 03 May 2025₹419.5t₹169.9t₹16.9t26.1x24.8x2.5x
Mon, 31 Mar 2025₹408.8t₹169.0t₹16.8t24.9x24.4x2.4x
Wed, 26 Feb 2025₹392.7t₹169.0t₹16.8t26x23.4x2.3x
Fri, 24 Jan 2025₹422.6t₹167.7t₹16.5t30.9x25.7x2.5x
Sun, 22 Dec 2024₹439.2t₹167.8t₹16.4t32.4x26.8x2.6x
Tue, 19 Nov 2024₹427.1t₹167.5t₹16.3t31x26.1x2.5x
Thu, 17 Oct 2024₹460.6t₹163.2t₹16.0t34.1x28.7x2.8x
Sat, 14 Sep 2024₹465.1t₹162.9t₹16.0t34.5x29.1x2.9x
Mon, 12 Aug 2024₹446.1t₹162.6t₹15.9t33.8x28.1x2.7x
Wed, 10 Jul 2024₹449.4t₹160.1t₹15.8t34.2x28.4x2.8x
Fri, 07 Jun 2024₹414.0t₹165.0t₹16.6t29.9x24.9x2.5x
Sun, 05 May 2024₹403.2t₹157.1t₹15.1t31.8x26.6x2.6x
Tue, 02 Apr 2024₹388.7t₹154.9t₹14.8t29.5x26.3x2.5x
Thu, 29 Feb 2024₹381.5t₹154.8t₹14.8t31x25.8x2.5x
Sat, 27 Jan 2024₹366.9t₹153.9t₹14.6t31.2x25.1x2.4x
Mon, 25 Dec 2023₹352.7t₹152.3t₹14.2t29.3x24.9x2.3x
Wed, 22 Nov 2023₹324.5t₹152.2t₹14.2t27.7x22.9x2.1x
Fri, 20 Oct 2023₹317.3t₹151.6t₹13.2t28.6x24x2.1x
Sun, 17 Sep 2023₹324.8t₹152.3t₹13.4t27.8x24.3x2.1x
Tue, 15 Aug 2023₹305.7t₹151.8t₹13.4t26.1x22.9x2x
Thu, 13 Jul 2023₹298.7t₹149.9t₹12.5t26x23.9x2x
Sat, 10 Jun 2023₹283.9t₹150.0t₹12.5t24.9x22.7x1.9x
Mon, 08 May 2023₹271.6t₹146.7t₹12.2t22.3x22.2x1.9x
Wed, 05 Apr 2023₹257.2t₹144.9t₹12.2t20.7x21.2x1.8x
Fri, 03 Mar 2023₹257.2t₹144.7t₹12.2t21.3x21.2x1.8x
Sun, 29 Jan 2023₹266.9t₹140.9t₹12.0t22.3x22.2x1.9x
Tue, 27 Dec 2022₹269.9t₹139.2t₹11.9t22.1x22.7x1.9x
Thu, 24 Nov 2022₹279.1t₹139.1t₹11.9t22.4x23.5x2x
Sat, 22 Oct 2022₹268.1t₹131.9t₹12.0t21.8x22.4x2x
Mon, 19 Sep 2022₹272.6t₹131.1t₹11.9t22.4x23x2.1x
Price to Earnings Ratio

23x


Total Market Cap: ₹272.6tTotal Earnings: ₹11.9tTotal Revenue: ₹131.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.8x202320242025
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 24.8x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market0.80%
Tech2.13%
Consumer Discretionary1.59%
Financials1.55%
Telecom0.86%
Healthcare0.70%
Industrials0.68%
Utilities0.14%
Energy0.069%
Real Estate-0.35%
Materials-0.60%
Consumer Staples-0.67%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 48.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings growth of 10.4% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 8.5% 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
RELIANCE Reliance Industries₹1.38k1.8%
+₹324.8b		-6.5%PE23xEnergy
BAJFINANCE Bajaj Finance₹970.253.8%
+₹220.4b		30.6%PE34.6xFinancials
532454 Bharti Airtel₹1.91k1.7%
+₹197.6b		16.2%PE33xTelecom
INFY Infosys₹1.51k3.2%
+₹193.6b		-22.6%PE22.1xTech
WAAREEENER Waaree Energies₹3.74k16.8%
+₹154.8b		n/aPE48.4xTech
See more

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INFY
₹1,509.70
Infosys
7D
3.2%
1Y
-22.6%
WAAREEENER
₹3,739.80
Waaree Energies
7D
16.8%
1Y
n/a
539533
₹206.85
Elitecon International
7D
-22.6%
1Y
9,897.6%
512599
₹2,400.25
Adani Enterprises
7D
5.3%
1Y
-19.8%
DMART
₹4,589.70
Avenue Supermarts
7D
-5.0%
1Y
-12.4%

Avenue Supermarts' (NSE:DMART) Returns On Capital Are Heading Higher

Sep 08
Avenue Supermarts' (NSE:DMART) Returns On Capital Are Heading Higher
HINDUNILVR
₹2,622.00
Hindustan Unilever
7D
-1.7%
1Y
-11.3%

Rural India And Digital Adoption Will Expand Branded FMCG Markets

Given minimal changes in both the discount rate and future P/E, with no substantive analyst reasoning provided, the consensus fair value for Hindustan Unilever remains effectively unchanged at ₹2704. What's in the News Hindustan Unilever announced a leadership transition, with Priya Nair set to become CEO effective 1 August 2025 as Rohit Jawa steps down.
500114
₹3,585.05
Titan
7D
-2.7%
1Y
-4.7%

Organized Jewelry Retail Will Fuel International Market Success

With no material shifts in Titan’s discount rate or forward P/E multiple, analysts have maintained their consensus price target at ₹3941. What's in the News Board meeting scheduled to consider and approve unaudited financial results for the quarter ended June 30, 2025.
ULTRACEMCO
₹12,392.00
UltraTech Cement
7D
-2.0%
1Y
5.8%

Robust Indian Infrastructure Will Unlock Cement Opportunity

With no change in UltraTech Cement’s discount rate or future P/E multiple, analysts’ consensus price target has remained steady at ₹13,630. What's in the News Board meeting scheduled to consider and approve unaudited financial results for the quarter and half-year ending September 2025.
RELIANCE
₹1,383.30
Reliance Industries
7D
1.8%
1Y
-6.5%

Digital, Retail, And Green Energy Trends Will Power India

With both the Future P/E ratio and revenue growth forecasts holding steady, analysts have maintained Reliance Industries' consensus fair value at ₹1640. What's in the News Board approved formation of new AI-focused subsidiary, Reliance Intelligence Limited, and a joint venture with Meta to deliver enterprise AI solutions in India, with Meta and Reliance investing INR 855 million (70/30 split).
532454
₹1,912.75
Bharti Airtel
7D
1.7%
1Y
16.2%

Smartphone Adoption And Broadband Rollout Will Unlock Future Upside

With consensus forecasts for both revenue growth (13.2% p.a.) and net profit margin (18.31%) remaining steady, analysts see no material change to Bharti Airtel’s outlook, leaving the fair value unchanged at ₹2087. What's in the News Approved dividend of INR 16 per fully paid-up share and INR 4 per partly paid-up share for FY25.
500510
₹3,539.20
Larsen & Toubro
7D
-1.5%
1Y
-2.3%

Expanding International Orders Will Build Future Infrastructure And Digital Sectors

Given that both the net profit margin (6.8%) and revenue growth forecasts (14.4% p.a.) for Larsen & Toubro remained stable, analysts have maintained their consensus price target at ₹4060. What's in the News L&T secured an ultra-mega contract from Adani Power to set up eight 800 MW thermal power units (6,400 MW total), executed by L&T Energy - CarbonLite Solutions, involving full scope BTG packages and associated systems.
ADANIPORTS
₹1,393.10
Adani Ports and Special Economic Zone
7D
4.9%
1Y
-5.4%

Expanding Mundra, Colombo And Vizhinjam Ports Will Reshape Global Connectivity

With both the consensus analyst price target and future P/E ratio for Adani Ports and Special Economic Zone remaining virtually unchanged, reflecting stability in analyst expectations and valuation assumptions, the fair value estimate has held steady at ₹1718. What's in the News Board meeting scheduled to consider and approve unaudited financial results for the quarter ended June 30, 2025.
521238
₹199.10
Bharat Global Developers
7D
27.5%
1Y
784.1%
MARUTI
₹15,095.00
Maruti Suzuki India
7D
3.0%
1Y
21.7%

Japanese Practices And New Models Will Optimize Operations

Analyst estimates for Maruti Suzuki India remain broadly stable, with only marginal improvements in future P/E and revenue growth forecasts, supporting a slight upward revision in the consensus price target from ₹13,959 to ₹14,140. What's in the News Maruti Suzuki unveils the Grand Vitara PHANTOM BLAQ Edition, featuring a matte black exterior, premium all-black interiors, and advanced safety and connectivity features, available exclusively in the Strong Hybrid Alpha+ variant.
500251
₹5,168.65
Trent
7D
-6.4%
1Y
-28.3%
BAJFINANCE
₹970.25
Bajaj Finance
7D
3.8%
1Y
30.6%