Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (2023)

Rahul went to the market to buy seeds for a rose plant. As he walked through the market, he noticed many stalls selling all kinds of seeds.

Walking from stand to stand, Rahul quickly found that most vendors are willing to sell their rose seeds around100 pro package.

At that moment, Rahul noticed a shop full of people buying rose seeds on the other end. Surprisingly, the seeds in this store are much smaller, but they are sold1,000 pro package.

Intrigued, Rahul asks why they are so much more expensive and yet in demand...

The shop owner explained that these seeds grow much faster than regular seeds and who knows, you might get multiple rose plants from one seed!

Excited, Rahul bought a packet of these tall growing seeds and went home and planted them.

Months pass and a small shoot emerges. Over the next few years, the shoot grew bigger and bigger, but unfortunately no rose has ever grown.

You're probably wondering why are we talking about rose plants?

The story could draw a parallel with a similar episode in the Indian stock market. How, you ask?

Here goes...

The seed could be a company's stock.

The price you pay for this high growth seed is the price you pay (or overpay) for a stock.

The impetus that emerges could be the market cap, which is getting bigger...

And the rose that never shows up could be the profit that the company rarely makes and isn't justified by its ratings!

PE: Pay more?

For the past few days, everyone and their grandma have been screaming from the rooftops about the risks of buyingHigh P/E (price to earnings) ratio stocks..

But why is the market suddenly waking up to this long-known fact?

Well, maybe it has something to do with a six-day market cap erosion of over10 trillion (tn).

That's how much Adani Group shares have lost since the Hindenburg report was published on Jan. 24.

She accused the Adani group of fraud and market manipulation. Fresh blows against the Adani group continue to add up and shares have seen another sharp sell-off today.

And it's not just the Adani group that has suffered since then. The BSE Sensex is also down over 2.5% as this is the latest in a string of negative news pouring in for equity investors from around the world.

The Sensex gained just 4.4% in 2022. This was in stark contrast to the previous three years, when it was up an average of 17.3% year over year.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (1)

Show full picture

But for equity investors hoping for the Sensex to resume its bull run in 2023, the new year has unfortunately not started well.

The war in Ukraine has only worsened when the US and Germany agreed to supply Ukraine with the world's deadliest tanks, a move Russian officials have condemned as a "blatant provocation".

Recession fears have intensified since the spread between three-month and 10-year US Treasury yields narrowed to almost -1% last month, from 2.3% in May 2022.

This spread has turned negative only 8 times in the last 50 years, and all 8 times have been followed by recessions.

And while some people believe that India is the only bright spot in the world that will be least affected by a global recession, that remains to be seen.

The International Monetary Fund (IMF) is already anticipating some slowdown in India's economy in fiscal 2023, forecasting growth to slow to 6.1% from 6.8% during the current fiscal year ending March 2023.

And then, of course, investors were hit hard by the market crisis, as bad news poured in for India's richest man and his conglomerates.

In such an environment, how does a stock investor choose stocks in 2023?

One thing is for sure… you avoid high PE bearings at all costs!

For example, even after the massive slump in Adani Group share valuations, PE ratios are still insanely high.


PE ratio

Adani company


Adani power


Adani Ports and Special Economic Zone


Adani transmission


Adani Green Energy


Adani Total Gas


Adani Wilmar


Quelle: Ace Equity

So just keep an eye out for low PE stocks?

The price-to-earnings (P/E) ratio is one of the most popular ways to value a stock. As a rule of thumb, a low P/E is a sign of undervaluation, while a high P/E is a sign of overvaluation.

Unfortunately, such an approach of valuing a stock solely on the basis of the P/E ratio is not sufficient.

First, a P/E depends on the industry a company belongs to. Some industries have higher rates simply because they are in demand.

If you think about it, all the companies of Adani, be it gas, green energy, ports, electricity, etc., are engaged in industries that are in high demand or expected in the future.

And that's what the group's supporters felt warranted higher PEs. But as has been shown time and time again, investors tend to be willing to buy such stocks even as prices continue to climb higher.

Well, has this stock's growth really kept pace with valuations? Obviously not.

Let's take the example of Adani's flagship company, Adani Enterprises.

Simply put, a P/E of 307 would mean that Adani Enterprises' current market value is 307 times its annual earnings.

Hypothetically, buying the company's stock would recoup your initial investment in 307 years from all of the company's profits, assuming the company never grows in the future.

Well, as an investor, you're not going to put your hard-earned money into a stock that takes over 300 years to recoup your original investment.

By now it must be clear... The key here is growth, growth and more growth.

(Video) How to check if a stock is overvalued or undervalued? | What is PE Ratio? What is PEG Ratio?

But how much a company will grow or is likely to grow depends, of course, on the vagaries of the market.

Unfortunately, as the Adani fiasco shows, markets often tend to get exuberant with this "growth picture," and it usually doesn't end well for investors.

But what if there was a way to factor in value for money while also factoring in growth potential?real data?

Luckily there is and it means thatPEG Ratio (Price/Earnings to Growth)

Using the PEG ratio to select stocks

The price-to-earnings-to-growth ratio, or PEG ratio, is a metric that helps investors evaluate a stock by measuring a company's market price, its earnings, andits future growth prospects.

Since growth is a key component of a stock's expected return, including the growth rate gives the PEG an advantage over the most commonly used alternatives.

To get PEG, you first divide a stock's price by its earnings per share (EPS), just as you would to get P/E.

Once you have the P/E ratio, divide it by the expected earnings per share growth rate over a given period of time.

PEG ratio =P/E
Expected annual EPS growth rate

growth companyprice-to-earnings ratios tend to be higher as investors are willing to pay more for potential growth. But how much should an investor be willing to pay for growth?

A "growth at any cost" approach can result in overpaying for even a great company. The PEG ratio can help an investor quantify a company's growth rate.

The PEG ratio also allows investors to see how cheap a stock is relative to its growth rate. All things being equal, a lower PEG ratio is better.

According to famed fund manager Peter Lynch, the growth rate should converge towards the stock's price, which is why it is claimed that 1 is a fair PEG ratio.

A stock's price to earnings ratio can generally be found in any analyst report or by a company that has made its own forecasts and forecasts.

As with any other valuation metric, it's a good idea for investors to use the PEG ratio along with other tools and also consider the balance sheet, debt burden, and cash flow that aren't reflected in the PEG ratio.

With that clear, let's look at 3 large-cap stocks with the best PEG (lowest price-to-earnings-to-growth) ratios to add to your watchlist in 2023.

Please note that the data source (PEG ratios) for these companies is from the 30th January 2023 issue of ET Wealth.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (6)

Show full picture

Nr. 1 Britannia Industries Ltd

Britannia is one of themleading food companies and the largest biscuit maker in India. The company hasa presence in more than 60 countries around the world.

Britannia's product portfolio includes biscuits, bread, cakes, rusks and dairy products such as cheese, beverages, milk and yoghurt.

For the past five years, the company has consistently reported higher sales, and markets expect this momentum to continue going forward.

The company has continued to widen the gap in terms of market share, gaining market share for ten consecutive years.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (7)

Show full picture

Britannia reported consolidated net profit of9.3 billion for the December quarter of 2022, up over 150% from the same period last year.

(Video) Five UNDERVALUED stocks to buy NOW | March 2023

The company's consolidated revenue increased 16% year over year in the third quarter€41 billion, while operating profit grew 55% year over year7,6 Mrd.

The company, with its deepening penetration of the rural market, will continue to achieve volume growth in excess of industry growth in its core biscuit category.

Britannia, which announced a joint venture with French cheesemaker Bel Group in December 2022, aims to grow its packaged cheese business fivefold to around12.5 billion (bn) over the next five years.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (8)

Show full picture

The company's share price is up 23% over the past 12 months to a yearly high of4,596 and low from3.050.

At current market prices, the company's PEG ratio is 0.0, indicating that theStock is undervaluedaccording to this metric.

Nr. 2 Tata Power Ltd

Tata Power, India's largest integrated energy company, is heavily committed to green energy.

The company is already India's largest player in the renewable energy space in terms of its production capacity and the strength of its EPC contracts.

And intends to double its total capacity from 13.5 gigawatts (GW) in 2022 to over 30 GW by 2027. The company plans to invest over Rs 750 billion over the next five years.

This will increase renewable energy capacity from 32% to 60% by 2027 and 80% by 2030.

The company plans to install EV charging stations across India with an estimated 100,000 charging stations over the next 10 years.

To grow its solar procurement and construction (EPC) business, the company is constructing a 4 gigawatt (GW) facility with a capital expenditure of30 Mrd. in Tamil Nadu.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (9)

Show full picture

The company's sales increased by 44%77.2 billion in 2020111 billion for the year ended March 31, 2022.

Net income rose 1,779%27.8 billion from1.4 billion in the same period.

Going forward, his expansion plans will increase his sales and profits.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (10)

Show full picture

Tata Power's stock delivered negative returns of 6% in 2022 and remained in consolidation mode after climbing nearly 300% in the previous two years.

However, the scenario of rising interest rates combined with highly volatile markets kept investors on the sidelines of the Tata Power counter over the past year.

Tata Power has set an ambitious goal to triple its sales and quadruple its PAT by fiscal 2027.

At current market prices, Tata Power's PEG ratio is 0.17, making it one of the cheapest price-to-earnings growth stocks in the large-cap space.

#3 Indus Towers Ltd

(Video) 2 Undervalued Stocks To Buy in This Stock Market Crash!

Indus Towersis India's largest cell tower installation company with over 189,392 towers and 339,435 co-locations (as of September 30, 2022) and a nationwide footprint covering all 22 telecom circuits.

Indus Towers was formed through the merger of Bharti Infratel and Indus Towers, making it one of the largest telecom tower companies in the world.

In India, three out of five calls go through an Indus location.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (11)

Show full picture

The company's turnover has increased significantly in the last 3 years67 billion in 2020$277 billion reported for the fiscal year ended March 31, 2022.

Earnings have also held up, up 265%17,4 Mrd. to63.6 billion in the same period.

However, the company has reported weak results for three consecutive quarters.

For the quarters of June and September 2022, Indus Towers reported a decrease in net income of 66% and 44%, respectively, due to Indus Towers receivables from one of its major customers.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (12)

Show full picture

In December 2022, Indus Towers reported a loss of7.1 billion after the company's successProvisions worth 23 billion for bad debts.

The company had previously taken precautions17.7 billion in the September quarter and12.3 billion in the June quarter.

In the future, growing 4G volumes and new technologies such as 5G, artificial intelligence, robotics and the Internet of Things offer the company the opportunity to expand its offering.

The company also sees the tower network as a good solution for EV infrastructure and even advertising in the foreseeable future.

Say no to high-PE stocks like Adani; Check out these 3 undervalued stocks in 2023 (13)

Show full picture

Over the past year, shares of Indus Towers have fallen 44%, resulting in its PEG to current market price ratio of 0.21.

And that's it…

These are the three large-cap companies with very low price-to-earnings-to-growth ratios. The PEG allows investors to better value stocks.

However, it is always advisable to use the PEG ratio along with other metrics and indicators to create an investment strategy.

Disclaimer:This article is for informational purposes only. It is not a stock recommendation and should not be treated as such.

This article is syndicated

Know your inner investor Do you have nerves of steel or are you losing sleep over your investments? Let's define your investment approach.

take the test

catch them allbusiness news,market news,Breaking Newsevents andLatest newsUpdates to Live Mint. Download theMint News-Appto receive daily market updates.

More less

(Video) How to find Multibagger Stocks using Screener?? Complete Guide on Valuations Ratios Watchlist


Is Adani stocks overvalued? ›

In its report, Hindenburg said based solely on financials taken directly from Adani companies, the group's stocks appear to be highly overvalued.

What is PE ratio of Adani? ›

The Current P/E Ratio of ADANI ENTERPRISES is 123.04. This is a new feature where users like you would give opinion on a particular company.

What is the PE of Adani group of companies? ›

The company is trading at a high PE of 108.26. The company is trading at a high EV/EBITDA of 57.94.

Where can I find undervalued stocks? ›

How to find undervalued stocks
  • Look at the company's price-to-earnings ratio and market cap. One way to find undervalued stocks is by looking at a stock's price-to-earnings ratio, also known as PE ratio. ...
  • Target undervalued sectors. ...
  • Do your research. ...
  • Explore emerging industries.
Feb 22, 2023

Which Adani share is best for future? ›

Best Adani Group Stocks
  • Adani Enterprises.
  • Adani Green Energy.
  • Adani Ports & SEZ.
  • Adani Power.
  • Adani Total Gas.
  • Adani Transmission.
  • Adani Wilmar.
  • Ambuja Cement.

Which Adani stock is good for long term? ›

Adani Ports is one of the stock which has rebounded most and now increasingly commentary coming in from fund managers suggests that some of them are nibbling into names such as Adani Ports or even Ambuja Cements.

Is Adani Power undervalued or overvalued? ›

The key valuation ratios of Adani Power Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

Is Adani Power PE ratio good? ›

Price-To-Earnings vs Peers: ADANIPOWER is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (11.8x).

What PE ratio is Best Buy? ›

To give you some sense of what average for the market is, though, many value investors would refer to 20 to 25 as the average P/E ratio range. And again, like golf, the lower the P/E ratio a company has, the better an investment the metric is saying it is.

Which Adani share to buy? ›

After their respective earnings for the third quarter ended December 2022 (Q3 FY23), global brokerage Jefferies has recommended Buy ratings on two Adani Group stocks - Adani Ports and Special Economic Zone (APSEZ) and Ambuja Cements.

Which company has most PE? ›

AcelRx Pharmaceuticals

Why Adani Enterprises PE is high? ›

Some industries have higher ratios merely because those are in demand. If you think about it, all of Adani's companies, be it gas, green energy, ports, power, etc are in industries which are in high demand or expected to be in the future. And that is what the group's supporters believed justified higher PE's.

What is Buffett buying? ›

Top Warren Buffett Stocks By Size

At the end of 2022, these were the top 10 Warren Buffett stocks by number of shares: Bank of America (BAC), 1.01 billion. Apple (AAPL), 895.1 million. Coca-Cola (KO), 400 million. Kraft Heinz (KHC), 325.6 million.

What are the most undervalued stocks right now in India? ›

CompanyCMP (Rs)P/E (x)
ICICI BANK868.818.7
BAJAJ AUTO3,733.918.8
21 more rows

Which stocks are undervalued now in India? ›

Undervalued stocks
S.No.NameCMP Rs.
1.Forbes & Co628.10
2.Baroda Rayon228.20
3.Jindal Photo312.75
4.Jindal Poly Inve432.00
23 more rows

Is it good time to buy Adani shares? ›

"The time is ripe time to buy Adani stock of companies which have strong asset base such as ports, gas, SEZ etc. Recent indicators are indicating towards solid fundamentals for these companies wherein they are paying off debts and acquiring more assets.

Are Adani stocks worth buying? ›

Investors are advised to avoid Adani stocks till the situation improves. However, from long term perspective, Adani Stocks are still a good bet," said Ravi Singh, Vice-President and Head of Research at Share India.

Is it worth investing in Adani? ›

" If the Price to Earnings ratio of different Adani stocks are anything to go by, it is not recommended that investors buy Adani shares at this time.

Which is better Tata Power or Adani Power? ›

Adani Power Ltd. outperforms Tata Power Company Ltd. on 12 out of 17 fundamental parameters.

What is the best price to buy Adani Power share? ›

  • Open169.30.
  • High169.30.
  • Low169.30.
  • Prev Close161.25.
  • Volume6,48,028.
  • VWAP(₹)169.30.

Is Adani Wilmar overvalued? ›

Is Adani Wilmar Ltd undervalued or overvalued? The key valuation ratios of Adani Wilmar Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

Is it safe to buy Adani Power share? ›

It is best advisable to stay away for sometime, till we see the stocks consolidating, and the negative news flows abating. Adani Power is also in a clear downtrend, having crucial support around the Rs 170-180 mark, & resistance around the Rs 220 mark, stock having losing almost 40% this year alone.”

What will be the future of Adani power? ›

Adani Power Limited quote is equal to 153.750 INR at 2023-03-02. Based on our forecasts, a long-term increase is expected, the "Adani Power Ltd" stock price prognosis for 2028-02-25 is 632.188 INR. With a 5-year investment, the revenue is expected to be around +311.18%.

Which stocks are overvalued right now? ›

Which are the most overvalued stocks in India right now?

Should we invest in high PE ratio stocks? ›

A high P/E ratio can be a good indicator of a company with good growth prospects. However, it is not enough to look at the P/E ratio alone. Ensure that you analyze the financials and fundamentals of the company and its competition to determine its growth prospects. This can help you make a more informed decision.

Is Adani Power bullish or bearish? ›

Technical Analysis
5 - EMA159.07Bullish
10 - EMA158.28Bullish
20 - EMA169.95Bearish
50 - EMA213.80Bearish
1 more row

At what PE ratio is a stock overvalued? ›

Investors and analysts consider stocks which have a P/E ratio of 50 or above to be an overvalued share, especially in comparison to a stock which has a ratio at par with or below 10. As it allows investors to determine that its share prices are considerably higher than what a company can afford to pay as dividends.

Is a PE ratio of 5 good? ›

It is arguable that a PE of five or less is not a remarkable bargain. While it might look as if the company's prospects are being viewed too negatively, it is not a bad rule of thumb to filter out companies with a PE below this level.

Is 8 a good PE ratio? ›

Although eight is a lower P/E, and thus technically a more attractive valuation, it's also likely that this company is facing financial difficulties leading to the lower EPS and the low $2 stock price. Conversely, a high P/E ratio could mean a company's stock price is overvalued.

Which is Penny stock of Adani Group? ›

Since you're interested in penny stocks, check out the ultimate guide to penny stock investing.
List of Adani Group Stocks.
Adani Ports & SEZPorts and Logistics
Adani PowerPower - Generation & Distribution
Adani Total GasGas Distribution
Adani TransmissionPower - Transmission & Equipment
3 more rows

Why are Adani stocks falling? ›

UPDATE 1: Gautam Adani's wealth has slipped below $50 billion in a big blow to his top billionaires-of-the-world status with the Adani Group embroiled in a fierce combat against charges of alleged misgovernance and fraud by activist short-seller Hindenburg Research.

Which is better Adani or reliance? ›

Reliance Industries scored higher in 6 areas: Culture & Values, Diversity & Inclusion, Work-life balance, CEO Approval, Recommend to a friend and Positive Business Outlook. Adani Group scored higher in 1 area: Compensation & Benefits. Both tied in 3 areas: Overall Rating, Senior Management and Career Opportunities.

Which Indian company has highest PE ratio? ›

Which are the high PE stocks in India right now?

What is the most popular PE? ›

Please join us in recognizing The Top 25 Private Equity Firms of 2022.
  • Thoma Bravo. Thoma Bravo is a leading software investment firm with over $114 billion in assets under management as of March 31, 2022. ...
  • TA Associates. ...
  • Bain Capital. ...
  • TPG Growth. ...
  • Blackstone Growth. ...
  • Francisco Partners. ...
  • Oak Hill Capital. ...
  • Vista Equity Partners.

What is Tesla's highest PE? ›

Tesla's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2022 was $3.62. Therefore, Tesla's PE Ratio for today is 54.59. During the past 13 years, the highest PE Ratio of Tesla was 1396.86.

What happens if stock PE is high? ›

A high PE ratio means that a stock is expensive and its price may fall in the future. A low PE ratio means that a stock is cheap and its price may rise in the future. The PE ratio, therefore, is very useful in making investment decisions.

Is a high PE overvalued? ›

A high P/E could mean that a stock's price is high relative to earnings and possibly overvalued. Conversely, a low P/E might indicate that the current stock price is low relative to earnings.

What stocks is Warren Buffett buying 2023? ›

Buffett Stocks Analysts Favor
Company (Ticker)SectorMarket Cap
Amazon (AMZN)Consumer Discretionary$996 billion
Apple (AAPL)Information Technology$2.4 trillion
Charter Communications (CHTR)Communications$60 billion
Coca-Cola (KO)Consumer Staples$260 billion
7 more rows
Feb 22, 2023

What stocks is Warren Buffet buying? ›

Top stocks that Warren Buffett owns by size
Chevron (NYSE:CVX)167,353,771$27.3 billion
American Express (NYSE:AXP)151,610,700$26.9 billion
Coca-Cola (NYSE:KO)400,000,000$24 billion
Occidental Petroleum (NYSE:OXY)278,210,498$16.9 billion
6 more rows
5 days ago

What stocks did Warren Buffett buy recently? ›

The most recent buy of Berkshire Hathaway is Jefferies Financials which was bought in the third quarter of 2022 with 433,558 shares worth of $12.8 million. On January 9, Jefferies Financial posted earnings for the fourth quarter of 2022, reporting earnings per share of $0.57, beating the analyst's estimate of $0.52.

Which stock will make me rich in India? ›

In terms of market capitalization, the top 10 non-banking shares in India are Reliance, TCS, Infosys, HUL, HDFC, Bharti Airtel, Adani Enterprises, ITC, and Bajaj Finance. The top 5 banking shares are HDFC Bank, ICICI Bank, SBI, and Kotak Mahindra Bank. Check here to learn how to analyze bank stocks.

What is the most profitable stock ever in India? ›

Reliance Industries Limited (RIL)
  • Mukesh Ambani led Reliance Industries Limited is the highest profit-making company in India having a diversified portfolio in multiple sectors such as oil, gas, retail, banking, digital and others. ...
  • In 2022, it became the first Indian company to cross $100 billion in terms of revenue.
Nov 28, 2022

What are most undervalued stocks? ›

Apparel and travel and leisure are the most undervalued industries in the sector.

Which Indian stocks will go up in future? ›

growth stocks for future
S.No.NameCMP Rs.
1.EKI Energy661.95
2.Tips Industries1496.75
3.Supreme Petroch.377.00
4.Manali Petrochem68.00
23 more rows

What are the best cheap stocks to buy right now in India? ›

Top Stocks Under Rs 20 in 2023
  • Yes Bank. Banking.
  • Vodafone Idea. Telecommunication.
  • UCO Bank. Banking.
  • Bank of Maharashtra. Banking.
  • Suzlon Energy. Energy.
  • Punjab & Sind Bank. Banking.
  • Jaiprakash Power Ventures Ltd. Power.
Jan 12, 2023

What are the best value stocks to buy right now? ›

Most Recent Earnings of Value Stocks
  • INTC. Intel. Jan 26, 2023. ...
  • MU. Micron. Dec 21, 2022. ...
  • CSCO. Cisco Systems. Feb 15, 2023. ...
  • F. Ford Motor. Feb 02, 2023. 2022 (Q4) ...
  • GM. General Motors. Jan 31, 2023. 2022 (Q4) ...
  • IBM. International Business Machines. Jan 25, 2023. 2022 (Q4) ...
  • PFE. Pfizer. Jan 31, 2023. 2022 (Q4) ...
  • ABBV. AbbVie. Feb 09, 2023. 2022 (Q4)

How much is Adani overvalued? ›

The report was released on 24 January. In its original report, Hindenburg Research, a US-based short seller, had said that the stocks of the Adani Group's seven listed companies “are 85 per cent overvalued, even if you ignore our investigation and take the companies' financials at face value”.

Why Adani is overvalued? ›

For example, Adani Green Energy's ratio is 815 times while the industry average is 24 times. This means that the share is highly overvalued. Only Adani Power's P to E ratio is close to the industry average. The Hindenburg report shares this table.

Is investing in Adani shares good? ›

"While the value of Adani shares are almost at a 52-week low, the volatility in the shares is still fairly high and may continue to be so in the short term.So, I would not advise to invest in the shares in the short term unless one wants to play on the speculation.

What are the undervalued stocks in India? ›

Undervalued stocks
S.No.NameCMP Rs.
2.Baroda Rayon246.00
3.Jindal Photo319.05
4.Sportking India665.00
5.Jindal Poly Inve460.95
23 more rows

What are the most overvalued stocks? ›

The biggest potentially overvalued company is (AMZN) with a market cap of $972.465B, followed by NVIDIA (NVDA) and Eli Lilly and Co (LLY). Last updated Mar 03, 2023.

Will Indian stock market crash in 2023? ›

Indian equity market is likely to be "choppy" in 2023 and the returns might be moderate or even negative as a raft of factors, including geopolitical uncertainties, recession fears and interest rate trajectory, will weigh on investor sentiments.

Does Adani Power have a future? ›

Our Upcoming Power Plants

Being set up under Adani Power Ltd.'s subsidiary Adani Power (Jharkhand) Limited, near completion. Both the units are based on Ultra-supercritical technology. Project Status as of December 2022: Unit-1 (800 MW) has been synchronized with Bangladesh power grid.

Why is Adani rising so fast? ›

The other reason why Adani stocks are seeing an uptrend is because some of the group companies have reported good quarterly numbers for the December 2022 quarter. Let's take a look at the quarterly numbers and their individual performance.

What is the future of Adani Power share? ›

Adani Power Limited quote is equal to 169.450 INR at 2023-03-04. Based on our forecasts, a long-term increase is expected, the "Adani Power Ltd" stock price prognosis for 2028-02-25 is 632.188 INR. With a 5-year investment, the revenue is expected to be around +273.08%.

Who is buying Adani stocks? ›

Adani Block Deal: GQG Partners invest $1.87bn in Adani Group; Goldman Sachs buys 8.2 mn shares.

Should I invest in Adani Green Energy? ›

Is Adani Green Energy Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that Adani Green Energy Ltd is a below average quality company.


1. The Stocks To Buy In 2023 w/ Eddy Elfenbein (TIP518)
(We Study Billionaires)
2. How to Find Undervalued Stocks - CA Rachana Ranade | Stock Market for Beginners | Groww Originals
3. Will these MULTIBAGGER stocks do well in 2023? | Best Stocks on New Year
(Akshat Shrivastava)
4. Best stock to buy now 2023 Moka jaane na paye #adanienterprisessharenews #adani
(Bëst Lîfëtìmé Iñvêstmēñt)
5. PENNY STOCK @ ₹12 ONLY | best multibagger shares 2023 | best penny stocks to buy in 2023
(Raghav's Value Investing)
6. How to Identify Adani and Vakrangee-like Stocks I Safe Stocks I Tanushree Banerjee


Top Articles
Latest Posts
Article information

Author: Gov. Deandrea McKenzie

Last Updated: 09/02/2023

Views: 5375

Rating: 4.6 / 5 (66 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Gov. Deandrea McKenzie

Birthday: 2001-01-17

Address: Suite 769 2454 Marsha Coves, Debbieton, MS 95002

Phone: +813077629322

Job: Real-Estate Executive

Hobby: Archery, Metal detecting, Kitesurfing, Genealogy, Kitesurfing, Calligraphy, Roller skating

Introduction: My name is Gov. Deandrea McKenzie, I am a spotless, clean, glamorous, sparkling, adventurous, nice, brainy person who loves writing and wants to share my knowledge and understanding with you.