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May 13
Indian (NIFTY) Market Analysis & Valuation
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies4265
- 7D3.8%
- 3M4.6%
- 1Y45.5%
- YTD12.0%
Over the last 7 days, the market has risen 3.7%, driven by gains in every sector, especially the Industrials sector. As for the past 12 months, the market is up 44%. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 May 2024 | ₹408.7t | ₹157.8t | ₹15.4t | 31.7x | 26.5x | 2.6x |
| Thu, 18 Apr 2024 | ₹389.9t | ₹155.1t | ₹14.8t | 30.5x | 26.4x | 2.5x |
| Sat, 16 Mar 2024 | ₹374.1t | ₹154.8t | ₹14.8t | 28.5x | 25.3x | 2.4x |
| Mon, 12 Feb 2024 | ₹381.5t | ₹154.7t | ₹14.7t | 32.1x | 25.9x | 2.5x |
| Wed, 10 Jan 2024 | ₹363.2t | ₹152.4t | ₹14.2t | 30.9x | 25.6x | 2.4x |
| Fri, 08 Dec 2023 | ₹346.4t | ₹152.2t | ₹14.1t | 28.7x | 24.5x | 2.3x |
| Sun, 05 Nov 2023 | ₹311.7t | ₹152.0t | ₹13.9t | 27.7x | 22.4x | 2.1x |
| Tue, 03 Oct 2023 | ₹320.4t | ₹152.3t | ₹13.4t | 27.6x | 23.9x | 2.1x |
| Thu, 31 Aug 2023 | ₹312.0t | ₹152.3t | ₹13.4t | 27.1x | 23.3x | 2x |
| Sat, 29 Jul 2023 | ₹306.1t | ₹151.8t | ₹12.9t | 26.6x | 23.8x | 2x |
| Mon, 26 Jun 2023 | ₹286.8t | ₹149.9t | ₹12.5t | 25.2x | 23x | 1.9x |
| Wed, 24 May 2023 | ₹277.2t | ₹149.9t | ₹12.6t | 22.9x | 22x | 1.8x |
| Fri, 21 Apr 2023 | ₹262.9t | ₹145.2t | ₹12.2t | 21.9x | 21.5x | 1.8x |
| Sun, 19 Mar 2023 | ₹250.7t | ₹144.1t | ₹12.1t | 20.7x | 20.8x | 1.7x |
| Tue, 14 Feb 2023 | ₹262.8t | ₹144.1t | ₹12.2t | 21.7x | 21.6x | 1.8x |
| Thu, 12 Jan 2023 | ₹278.0t | ₹139.2t | ₹11.8t | 23x | 23.5x | 2x |
| Sat, 10 Dec 2022 | ₹285.2t | ₹139.1t | ₹11.9t | 23x | 24x | 2.1x |
| Mon, 07 Nov 2022 | ₹276.7t | ₹135.8t | ₹11.8t | 22x | 23.4x | 2x |
| Wed, 05 Oct 2022 | ₹267.3t | ₹131.2t | ₹11.9t | 21.9x | 22.5x | 2x |
| Fri, 02 Sep 2022 | ₹271.5t | ₹130.9t | ₹11.8t | 21.5x | 22.9x | 2.1x |
| Sun, 31 Jul 2022 | ₹260.1t | ₹123.7t | ₹11.6t | 21.5x | 22.4x | 2.1x |
| Tue, 28 Jun 2022 | ₹238.8t | ₹122.1t | ₹11.4t | 20.4x | 21x | 2x |
| Thu, 26 May 2022 | ₹242.0t | ₹118.1t | ₹11.3t | 19.4x | 21.3x | 2x |
| Sat, 23 Apr 2022 | ₹262.8t | ₹108.3t | ₹10.6t | 22.4x | 24.8x | 2.4x |
| Mon, 21 Mar 2022 | ₹254.1t | ₹108.4t | ₹10.6t | 20.4x | 23.9x | 2.3x |
| Wed, 16 Feb 2022 | ₹255.4t | ₹108.0t | ₹10.7t | 21.1x | 24x | 2.4x |
| Fri, 14 Jan 2022 | ₹271.7t | ₹102.0t | ₹9.9t | 23.3x | 27.4x | 2.7x |
| Sun, 12 Dec 2021 | ₹261.9t | ₹101.8t | ₹9.9t | 19.8x | 26.5x | 2.6x |
| Tue, 09 Nov 2021 | ₹262.9t | ₹100.6t | ₹9.4t | 21.1x | 27.9x | 2.6x |
| Thu, 07 Oct 2021 | ₹257.0t | ₹96.1t | ₹8.9t | 21.4x | 28.9x | 2.7x |
| Sat, 04 Sep 2021 | ₹249.9t | ₹96.6t | ₹8.9t | 19.4x | 28.1x | 2.6x |
| Mon, 02 Aug 2021 | ₹233.9t | ₹96.4t | ₹8.9t | 20.3x | 26.3x | 2.4x |
Price to Earnings Ratio
29.7x
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 24.3x.
Past Earnings Growth
- The earnings for Indian listed companies have grown 28% per year over the last three years.
- Revenues for these companies have grown 22% 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 | 3.65% | |
| Industrials | 8.59% | |
| Utilities | 5.51% | |
| Real Estate | 5.20% | |
| Telecom | 4.64% | |
| Materials | 4.33% | |
| Energy | 3.26% | |
| Consumer Discretionary | 3.08% | |
| Financials | 3.02% | |
| Healthcare | 1.89% | |
| Tech | 0.95% | |
| Consumer Staples | 0.17% | |
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 60.6x.
- Analysts are expecting annual earnings growth of 24.7%, which is lower than the prior year's growth of 33.6% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.1x.
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 Energy sector is expected to see its earnings grow by 5.1% 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 | |
|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics | ₹4.73k | 20.6% +₹540.9b | 205.3% | PE41.5x | Industrials | |
| LICI Life Insurance Corporation of India | ₹974.40 | 9.3% +₹523.1b | 68.7% | PE17.1x | Financials | |
| RELIANCE Reliance Industries | ₹2.87k | 2.3% +₹434.7b | 16.9% | PE27.9x | Energy | |
| 532454 Bharti Airtel | ₹1.35k | 4.8% +₹373.8b | 68.1% | PE109.5x | Telecom | |
| IRFC Indian Railway Finance | ₹173.25 | 18.7% +₹357.4b | 419.5% | PE37.5x | Financials |
