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Indian (NIFTY) Market Analysis & Valuation
UpdatedFeb 05, 2025
DataAggregated Company Financials
Companies4552
- 7D3.8%
- 3M-7.4%
- 1Y5.9%
- YTD-4.6%
The market has climbed by 3.8% over the past week, with every sector up and the Financials sector leading the way. The market is up 5.9% over the last 12 months. Earnings are forecast to grow by 18% annually.
Market Valuation and Performance
Has the Indian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 05 Feb 2025 | ₹420.3t | ₹163.6t | ₹16.4t | 29x | 25.6x | 2.6x |
| Fri, 03 Jan 2025 | ₹448.5t | ₹167.9t | ₹16.4t | 33x | 27.4x | 2.7x |
| Sun, 01 Dec 2024 | ₹444.7t | ₹167.6t | ₹16.4t | 31.8x | 27.2x | 2.7x |
| Tue, 29 Oct 2024 | ₹438.6t | ₹165.8t | ₹16.2t | 31.7x | 27.1x | 2.6x |
| Thu, 26 Sep 2024 | ₹472.0t | ₹163.0t | ₹16.0t | 34.4x | 29.5x | 2.9x |
| Sat, 24 Aug 2024 | ₹455.9t | ₹162.7t | ₹16.0t | 33.9x | 28.5x | 2.8x |
| Mon, 22 Jul 2024 | ₹444.5t | ₹161.0t | ₹15.8t | 33.4x | 28.1x | 2.8x |
| Wed, 19 Jun 2024 | ₹435.2t | ₹160.1t | ₹15.8t | 32.3x | 27.6x | 2.7x |
| Fri, 17 May 2024 | ₹403.6t | ₹157.9t | ₹15.4t | 31.7x | 26.2x | 2.6x |
| Sun, 14 Apr 2024 | ₹394.8t | ₹154.9t | ₹14.8t | 31x | 26.7x | 2.5x |
| Tue, 12 Mar 2024 | ₹385.1t | ₹154.8t | ₹14.8t | 29.9x | 26.1x | 2.5x |
| Thu, 08 Feb 2024 | ₹384.3t | ₹154.3t | ₹14.7t | 32.4x | 26.1x | 2.5x |
| Sat, 06 Jan 2024 | ₹362.7t | ₹152.3t | ₹14.2t | 30.5x | 25.6x | 2.4x |
| Mon, 04 Dec 2023 | ₹334.1t | ₹152.1t | ₹14.1t | 28.3x | 23.7x | 2.2x |
| Wed, 01 Nov 2023 | ₹308.0t | ₹152.1t | ₹13.6t | 27.6x | 22.6x | 2x |
| Fri, 29 Sep 2023 | ₹319.4t | ₹152.2t | ₹13.4t | 27.5x | 23.8x | 2.1x |
| Sun, 27 Aug 2023 | ₹309.0t | ₹152.3t | ₹13.4t | 26.7x | 23.1x | 2x |
| Tue, 25 Jul 2023 | ₹303.9t | ₹150.8t | ₹12.6t | 26.4x | 24.1x | 2x |
| Thu, 22 Jun 2023 | ₹291.6t | ₹149.9t | ₹12.5t | 25.4x | 23.3x | 1.9x |
| Sat, 20 May 2023 | ₹273.9t | ₹149.0t | ₹12.6t | 23x | 21.8x | 1.8x |
| Mon, 17 Apr 2023 | ₹263.4t | ₹145.1t | ₹12.2t | 21.7x | 21.6x | 1.8x |
| Wed, 15 Mar 2023 | ₹253.9t | ₹144.9t | ₹12.2t | 20.7x | 20.9x | 1.8x |
| Fri, 10 Feb 2023 | ₹265.6t | ₹143.4t | ₹12.0t | 21.9x | 22.1x | 1.9x |
| Sun, 08 Jan 2023 | ₹277.4t | ₹139.3t | ₹11.9t | 22.9x | 23.3x | 2x |
| Tue, 06 Dec 2022 | ₹287.9t | ₹139.1t | ₹11.9t | 23x | 24.2x | 2.1x |
| Thu, 03 Nov 2022 | ₹275.2t | ₹134.5t | ₹11.8t | 22.1x | 23.3x | 2x |
| Sat, 01 Oct 2022 | ₹265.1t | ₹131.2t | ₹11.9t | 21.7x | 22.3x | 2x |
| Mon, 29 Aug 2022 | ₹269.8t | ₹130.9t | ₹11.8t | 21x | 22.8x | 2.1x |
| Wed, 27 Jul 2022 | ₹251.3t | ₹123.9t | ₹11.5t | 21.3x | 21.9x | 2x |
| Fri, 24 Jun 2022 | ₹234.1t | ₹122.1t | ₹11.4t | 19.4x | 20.6x | 1.9x |
| Sun, 22 May 2022 | ₹248.4t | ₹119.1t | ₹11.3t | 20.5x | 22x | 2.1x |
| Tue, 19 Apr 2022 | ₹262.2t | ₹108.3t | ₹10.6t | 22x | 24.8x | 2.4x |
| Thu, 17 Mar 2022 | ₹250.1t | ₹108.4t | ₹10.6t | 20.3x | 23.5x | 2.3x |
| Sat, 12 Feb 2022 | ₹257.4t | ₹106.8t | ₹10.5t | 21.6x | 24.6x | 2.4x |
Price to Earnings Ratio
24.6x
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 16% per year over the last three years.
- Revenues for these companies have grown 15% 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 | 3.85% | |
| Real Estate | 7.88% | |
| Consumer Discretionary | 6.36% | |
| Healthcare | 5.20% | |
| Consumer Staples | 4.65% | |
| Materials | 3.60% | |
| Financials | 3.45% | |
| Energy | 3.16% | |
| Telecom | 3.07% | |
| Tech | 2.92% | |
| Industrials | 2.72% | |
| Utilities | 1.55% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 43.0x.
- Analysts expect its future annual earnings growth (32.0%) 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 13.0x.
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 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries | ₹1.29k | 4.1% +₹645.5b | -10.0% | PE23.6x | Energy | |
| BAJFINANCE Bajaj Finance | ₹8.48k | 11.4% +₹536.9b | 28.5% | PE32.8x | Financials | |
| HDFCBANK HDFC Bank | ₹1.72k | 3.0% +₹389.5b | 19.2% | PB2.6x | Financials | |
| M&M Mahindra & Mahindra | ₹3.19k | 11.1% +₹355.0b | 84.6% | PE30x | Consumer Discretionary | |
| MARUTI Maruti Suzuki India | ₹13.11k | 8.1% +₹310.1b | 20.9% | PE28.3x | Consumer Discretionary |
