Search
+
    Invest with Confidence. Lead with Insights.
    • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

    Stocks to buy in volatile market: Bet on reasonably valued stocks; 4 stocks with potential upside of up to 23.4%

    Investing in stocks with relatively better valuations could prove an effective strategy now

    Synopsis

    There are 867 listed stocks (excluding banking and financial stocks) with a market cap greater than Rs 100 crore, for which the past five-year TTM (trailing twelve months) PE data was available with Reuters-Refinitiv. Of these, over 93% or 809 stocks have the earnings yield spread lower than their respective five-year averages.ET Wealth tried to identify stocks where the difference between their respective earnings yield and 10-year bond yield is higher than their long-term average (five years).

    The Indian equity markets turned volatile in January 2024 amid stretched valuations. The benchmark Nifty 50 index delivered negative returns (-0.02%), while the volatility index (or India VIX index) averaged 13.9 in January 2024, which is the highest monthly average since March 2023. The data is based on closing values between 1 January and 29 January this year.The 12-month forward PE of the Nifty 50 index of 20.7 times is 7.7% higher than its
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT
    ET

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times