Nifty stocks on sale! 29 Bluchips sink down from a 5-year average PE. The trap of luck or stupid?

Headline Index Nifty lost 16% in the terms of the US DOLLAR Lord in early September, a significant portion of the market, especially 29 out of 50 Nifty companies, currently trading below their five -year average -rings (PE) and surprise investors. Whether it’s a chance to buy a potential value.

Market data shows significant deviations from the 5 -year average PE ratio for Nifty stocks. For example, Tata Motors is trading on a TTM PE of 7.89, its 5 -year average drop of 42%, compared to 15.77. Asian paints have seen a PE drop of 69.7373 (five-year average) to 50.70, with its stock price below 34% from the peak.

Reliance Industries, the largest organization, is trading on the PE of 24, compared to its five -year average of 25.23, with a decline of 23.70%.

The wider trend indicates that when some stocks have improved drastically, others remain elastic. Protective plays such as HUL (49.22 PE vs. 62.10 average) and Sun Pharma (35.21 PE vs. 41.46 average) have seen less serious improvements, which show the continued confidence of investors in consumer and healthcare sectors. At the same time, stocks like Wipro, Tech Mahindra, Infosys and HCL Tech are trading above their long -term average.