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Indian (NIFTY) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies4306
- 7D2.4%
- 3M16.0%
- 1Y45.1%
- YTD18.5%
The market is up 2.4% in the last 7 days, led by the Industrials and all sectors gaining ground. As for the past 12 months, the market is up 45%. Looking forward, earnings are forecast to grow by 16% 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, 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 |
| Mon, 10 Jan 2022 | ₹266.2t | ₹101.8t | ₹9.9t | 22.5x | 26.9x | 2.6x |
| Wed, 08 Dec 2021 | ₹252.1t | ₹101.7t | ₹9.9t | 18.8x | 25.5x | 2.5x |
| Fri, 05 Nov 2021 | ₹259.1t | ₹100.2t | ₹9.3t | 21.1x | 27.8x | 2.6x |
| Sun, 03 Oct 2021 | ₹254.6t | ₹96.1t | ₹8.9t | 21x | 28.6x | 2.7x |
| Tue, 31 Aug 2021 | ₹245.8t | ₹96.6t | ₹8.9t | 19.4x | 27.6x | 2.5x |
| Wed, 07 Jul 2021 | ₹226.0t | ₹96.3t | ₹8.9t | 18.3x | 25.4x | 2.3x |
Price to Earnings Ratio
25.4x
Current Market PE
- Investors are optimistic on the Indian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 27.6x which is higher than its 3-year average PE of 24.2x.
Past Earnings Growth
- The earnings for Indian listed companies have grown 21% per year over the last three years.
- Revenues for these companies have grown 18% 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 | 2.36% | |
| Industrials | 5.66% | |
| Real Estate | 4.21% | |
| Consumer Discretionary | 3.18% | |
| Financials | 2.35% | |
| Energy | 1.86% | |
| Materials | 1.66% | |
| Utilities | 1.40% | |
| Healthcare | 1.26% | |
| Tech | 1.08% | |
| Telecom | 0.50% | |
| Consumer Staples | 0.075% | |
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 59.4x.
- Analysts are expecting annual earnings growth of 25.4%, which is lower than the prior year's growth of 31.6% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.0x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 5.2% 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 | ₹5.53k | 13.9% +₹452.7b | 187.5% | PE48.6x | Industrials | |
| HDFCBANK HDFC Bank | ₹1.61k | 2.7% +₹331.0b | 0.02% | PB2.7x | Financials | |
| RELIANCE Reliance Industries | ₹2.96k | 1.7% +₹329.8b | 15.8% | PE28.8x | Energy | |
| LICI Life Insurance Corporation of India | ₹1.06k | 4.9% +₹315.0b | 67.6% | PE15.8x | Financials | |
| SIEMENS Siemens | ₹7.73k | 12.0% +₹294.4b | 101.8% | PE117.9x | Industrials |
