18 growth stocks still available at attractive valuations

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iStock

Synopsis
From the constituents of the Nifty 500 Index, ET Prime has filtered companies where profits are growing at a faster rate than their revenue in the past two years. We picked up stocks where margins had increased from FY22. We got a list of 18 stocks that fit our criteria.

Is it a good time to invest in the stock market? Sample this: The market is up 26% over the last one year, and 54% in the past three years. The valuations are high with the Nifty trading at a PE multiple of 23x, and many quality stocks being above 70x. Usually, entering the market during a peak bull run is not such a wise move. Reason: there are hardly any new ideas as the market is totally on momentum and expensive stocks become all the more