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Indian (NIFTY) Market Analysis & Valuation

UpdatedSep 27, 2024
DataAggregated Company Financials
Companies4444
  • 7D2.5%
  • 3M7.6%
  • 1Y46.3%
  • YTD27.8%

The Consumer Discretionary sector has led the market, which has gained 1.6%. The market is up 44% over the last 12 months. Earnings are forecast to grow by 17% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Sep 2024₹473.8t₹163.0t₹16.0t34.1x29.6x2.9x
Sun, 25 Aug 2024₹455.9t₹162.8t₹16.0t33.9x28.6x2.8x
Tue, 23 Jul 2024₹446.3t₹161.0t₹15.8t33.5x28.2x2.8x
Thu, 20 Jun 2024₹431.9t₹160.1t₹15.8t32.3x27.4x2.7x
Sat, 18 May 2024₹406.8t₹158.0t₹15.4t31.8x26.4x2.6x
Mon, 15 Apr 2024₹395.3t₹155.1t₹14.8t31x26.7x2.5x
Wed, 13 Mar 2024₹381.1t₹154.8t₹14.8t29.2x25.8x2.5x
Fri, 09 Feb 2024₹383.2t₹154.3t₹14.7t32.5x26x2.5x
Sun, 07 Jan 2024₹365.0t₹152.3t₹14.2t30.5x25.8x2.4x
Tue, 05 Dec 2023₹339.8t₹152.1t₹14.1t28.4x24.1x2.2x
Thu, 02 Nov 2023₹306.7t₹151.7t₹13.8t27.5x22.2x2x
Sat, 30 Sep 2023₹321.2t₹152.3t₹13.4t27.7x24x2.1x
Mon, 28 Aug 2023₹308.9t₹152.3t₹13.4t26.7x23.1x2x
Wed, 26 Jul 2023₹304.7t₹150.9t₹12.5t26.2x24.3x2x
Fri, 23 Jun 2023₹291.6t₹149.9t₹12.5t25.3x23.3x1.9x
Sun, 21 May 2023₹273.8t₹149.3t₹12.6t23.1x21.8x1.8x
Tue, 18 Apr 2023₹263.3t₹145.1t₹12.2t21.6x21.6x1.8x
Thu, 16 Mar 2023₹253.4t₹144.9t₹12.2t20.6x20.9x1.7x
Sat, 11 Feb 2023₹265.4t₹143.6t₹12.0t22.1x22.1x1.8x
Mon, 09 Jan 2023₹277.4t₹139.3t₹11.9t22.9x23.3x2x
Wed, 07 Dec 2022₹287.5t₹139.1t₹11.9t23.3x24.2x2.1x
Fri, 04 Nov 2022₹275.2t₹134.5t₹11.8t22.1x23.3x2x
Sun, 02 Oct 2022₹265.1t₹131.2t₹11.9t21.7x22.3x2x
Tue, 30 Aug 2022₹267.4t₹130.9t₹11.8t20.9x22.6x2x
Thu, 28 Jul 2022₹253.5t₹124.1t₹11.5t21.3x22x2x
Sat, 25 Jun 2022₹236.6t₹122.0t₹11.4t19.8x20.8x1.9x
Mon, 23 May 2022₹248.5t₹119.0t₹11.3t20.5x21.9x2.1x
Wed, 20 Apr 2022₹259.2t₹108.4t₹10.6t22x24.5x2.4x
Fri, 18 Mar 2022₹254.1t₹108.4t₹10.6t20.4x23.9x2.3x
Sun, 13 Feb 2022₹257.4t₹106.8t₹10.5t21.6x24.6x2.4x
Tue, 11 Jan 2022₹268.4t₹101.8t₹9.9t22.9x27.2x2.6x
Thu, 09 Dec 2021₹259.5t₹101.7t₹9.9t19.2x26.2x2.6x
Sat, 06 Nov 2021₹261.0t₹100.2t₹9.3t20.9x28x2.6x
Mon, 04 Oct 2021₹254.6t₹96.1t₹8.9t21x28.6x2.7x
Price to Earnings Ratio

28.6x


Total Market Cap: ₹254.6tTotal Earnings: ₹8.9tTotal Revenue: ₹96.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.4x202220232024
Current Market PE
  • Investors are optimistic on the Indian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 29.5x which is higher than its 3-year average PE of 24.4x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 22% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market1.63%
Real Estate5.27%
Utilities4.50%
Telecom4.25%
Consumer Discretionary2.76%
Energy1.85%
Industrials1.61%
Materials1.50%
Financials1.21%
Healthcare0.84%
Consumer Staples0.63%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Tech-0.69%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 15.8x.
    • Analysts expect its future annual earnings growth (32.4%) 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. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 13.1x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Energy sector is expected to see its earnings grow by 8.9% 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₹1.77k6.3%
+₹637.7b
91.3%PE107.5xTelecom
HDFCBANK HDFC Bank₹1.78k4.4%
+₹571.8b
17.0%PB2.9xFinancials
M&M Mahindra & Mahindra₹3.18k13.7%
+₹427.6b
104.4%PE32.1xConsumer Discretionary
RELIANCE Reliance Industries₹3.00k1.9%
+₹382.6b
28.4%PE29.5xEnergy
MARUTI Maruti Suzuki India₹13.38k8.4%
+₹324.6b
26.7%PE28.6xConsumer Discretionary
See more
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BAJAJ-AUTO

₹12,621.65

Bajaj Auto

7D

6.4%

1Y

152.1%

PRESTIGE

₹1,825.95

Prestige Estates Projects

7D

-3.9%

1Y

203.4%

532454

₹1,769.90

Bharti Airtel

7D

6.3%

1Y

91.3%

POLICYBZR

₹1,685.90

PB Fintech

7D

-10.2%

1Y

121.3%

ICICIBANK

₹1,329.05

ICICI Bank

7D

2.9%

1Y

41.0%

DABUR

₹625.75

Dabur India

7D

-5.9%

1Y

14.3%

LTIM

₹6,164.05

LTIMindtree

7D

-3.3%

1Y

17.1%

M&M

₹3,181.10

Mahindra & Mahindra

7D

13.7%

1Y

104.4%

HDFCBANK

₹1,783.45

HDFC Bank

7D

4.4%

1Y

17.0%

VBL

₹626.85

Varun Beverages

7D

-3.9%

1Y

65.7%

OLAELEC

₹103.49

Ola Electric Mobility

7D

-7.3%

1Y

n/a