Large Cap stocks are often considered as safe heaven when building portfolio. But they are usually fully priced in and are not available at low PE levels. But a market correction provides good opportunity to pick quality large cap stock at cheaper valuation.
InvestorZclub lists down a list of large cap stocks having market cap above of Rs. 5000 crores and available at a PE of less than 15.
|Company||Industry|| Makt Cap in|
| Profit as |
% of sales
|ONGC||Oil Drilling And Exploration|
Hindustan Zinc Ltd.
Metals - Non Ferrous - Zinc/Zinc Alloys - Products
|Tata Steel Ltd||Steel|
|OIL India Ltd|
Oil Drilling And Exploration
|SESA GOA||Mining & Minerals|
Neyveli Lignite Corporation Ltd.
JSW Energy Ltd.
|Mining & Minerals|
Gujarat State Petronet Ltd.
Petrochem - Others
What about Tata Motors. Its FY11 EPS was 155, hence at the CMP of 980, it is trading at a PE of 6.3. It seems to be cheapest of the lot.ReplyDelete