Introduction:
The Price-to-Earnings (P/E) ratio is a popular valuation metric used by investors to assess whether a stock is overvalued or undervalued. A low P/E ratio often indicates that a stock is undervalued, potentially making it an attractive investment.
Mukul Agrawal, a seasoned investor, follows a value investing approach, focusing on stocks with strong fundamentals and growth potential. Below are some of the stocks held by him that have a low P/E ratio.
Prakash Pipes Ltd:
On December 24, Prakash Pipes Ltd. (BSE: PPL) opened at ₹482.05, reached a high of ₹505.00 and a low of ₹482.05, closing at ₹493.60, up by 1.42%. The company’s market capitalisation is ₹1,180.61 crore.
Prakash Pipes Ltd has a P/E ratio of 12.02, which is relatively low, indicating potential undervaluation. This suggests the stock may be worth considering for long-term growth. The company manufactures PVC and HDPE pipes for various sectors.
Prakash Pipes Ltd manufactures PVC and HDPE pipes for various sectors like agriculture, construction, and industry. The company ensures high-quality, durable products with a strong domestic and international presence. It focuses on innovation and customer satisfaction.
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Arman Financial Services Ltd:
On December 24, Arman Financial Services Ltd. (BSE: ARMANFIN) opened at ₹1218.20, reached a high of ₹1218.20 and a low of ₹1191.65, closing at ₹1197.15, down by 0.60%. The company’s market capitalisation is ₹1,255.87 crore.
Arman Financial Services Ltd boasts a low P/E ratio of 9.00, highlighting its undervaluation. This could present an opportunity for investors looking for growth at a reasonable price. The company focuses on microfinance and financial inclusion.
Arman Financial Services Ltd is an NBFC providing microfinance and financial services to underserved communities. The company focuses on empowering rural and urban customers with accessible loans. It promotes financial inclusion through sustainable solutions.
Suryoday Small Finance Bank Ltd:
On December 24, Suryoday Small Finance Bank Ltd. (BSE: SURYODAY) opened at ₹136.85, reached a high of ₹139.50 and a low of ₹135.65, closing at ₹136.30, down by 0.37%. The company’s market capitalisation is ₹1,448.66 crore.
Suryoday Small Finance Bank Ltd has a notably low P/E ratio of 6.19, highlighting its potential for future growth. This low valuation could make it an attractive investment option. The bank offers financial services to underserved communities.
Suryoday Small Finance Bank Ltd offers banking services with a focus on financial inclusion. It provides savings accounts, loans, and microfinance products. The bank aims to empower underserved communities across India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
