Bargain Buys: 8 Large-Cap Stocks Below Industry PE Levels Set to Soar

Investors looking for long-term opportunities often turn to low PE (price-to-earnings) stocks, also known as value stocks. According to data from Trendlyne, several major companies like SBI, LIC, Infosys, HCL Tech, and L&T are currently trading at PE ratios lower than their industry averages. These stocks have the potential to increase in value by up to 13%, based on Trendlyne’s analysis.

Here’s a look at some of these stocks and their potential upsides:

These stocks are currently trading below their industry PE levels, making them attractive buys. With the potential for growth up to 13%, they could offer good returns for investors.

1. SBI Life

• Target Price: ₹880
• Upside Potential: 6%
• Current PE: 10.8
• Industry PE: 15

SBI Life is trading at a PE of 10.8, significantly lower than the industry average of 15. Brokers have set a target price of ₹880, indicating a 6% potential upside.

2. LIC (Life Insurance Corporation)

• Target Price: ₹1,089
• Upside Potential: 6%
• Current PE: 16.15
• Industry PE: 83.1

LIC, with a PE of 16.15 compared to the industry’s 83.1, is expected to reach ₹1,089, offering a 6% gain from its current price.

3. Infosys

• Current Price: ₹1,465
• Target Price: ₹1,593
• Upside Potential: 9%
• Current PE: 23.19
• Industry PE: 30.3

Infosys is trading at a PE of 23.19, below the industry average of 30.3. With a target price of ₹1,593, it shows a 9% upside potential.

4. Hindustan Unilever (HUL)

• Current Price: ₹2,369
• Target Price: ₹2,548
• Upside Potential: 8%
• Current PE: 54.1
• Industry PE: 55.2

HUL’s current PE is 54.1, slightly below the industry PE of 55.2. Analysts have set a target price of ₹2,548, suggesting an 8% rise.

5. Larsen & Toubro (L&T)

• Target Price: ₹3,911
• Upside Potential: 8%
• Current PE: 39.03
• Industry PE: 39.5

L&T, with a PE of 39.03 compared to the industry average of 39.5, has a target price of ₹3,911, indicating an 8% upside.

6. HCL Technologies

• Current Price: ₹1,345
• Target Price: ₹1,518
• Upside Potential: 13%
• Current PE: 23.25
• Industry PE: 30.3

HCL Technologies is trading at a PE of 23.25, below the industry PE of 30.3. The target price of ₹1,518 suggests a significant 13% upside potential.

7. Axis Bank

• Current Price: ₹1,174
• Target Price: ₹1,296
• Upside Potential: 10%
• Current PE: 13.74
• Industry PE: 15

Axis Bank’s PE is 13.74, lower than the industry average of 15. With a target price of ₹1,296, it shows a 10% potential upside.

8. Sun Pharma

• Current Price: ₹1,486
• Target Price: ₹1,592
• Upside Potential: 7%
• Current PE: 37.25
• Industry PE: 40

Sun Pharma, trading at a PE of 37.25 against an industry PE of 40, has a target price of ₹1,592, offering a 7% upside.

These eight large-cap stocks, all trading below their industry PE levels, present a compelling opportunity for investors. With potential gains ranging from 6% to 13%, they are poised for growth and could offer substantial returns. Now might be the perfect time to add these undervalued gems to your portfolio.