18 growth stocks still available at attractive valuations

18 growth stocks still available at attractive valuations
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

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