8 midcap stocks that are below industry PE levels can rally up to 21%
Value Buys?
Low PE stocks, often regarded as value stocks, are typically favoured for long-term investment strategies. According to Trendlyne data, PI Industries, ACC and Federal Bank are currently trading at lower PE ratios compared to their respective industry averages. Despite belonging to different sectors, these stocks have the potential to rally by up to 21%, as suggested by Trendlyne data.
Here is a list of 8 midcap stocks from the BSE Midcap index with below industry PE levels that can rally up to 21%:
Union Bank of India | CMP: Rs 158
Brokers have set an average target price of Rs 165 on Union Bank of India, signalling an upside of 5% from the current market prices. The PE of the stock is at 8.74, while the industry PE is at 15.2.
Indian Bank | CMP: Rs 567
The average target price of Indian Bank set by the brokers is Rs 597, which shows an upside potential of 5% from the current market prices. The PE of the stock is at 9.05, while the industry PE is at 15.2.
Oracle Financial Services Software | CMP: Rs 7550
The brokers have set an average target price of Rs 7,900 on Oracle Financial Services Software, indicating an upside of 5% from the current market prices. The PE of the stock is at 29.52, while the industry PE is at 30.4.
Bank of India| CMP: Rs 130
The brokers have set an average target price of Rs 146 on Bank of India, implying an upside of 12% from the current market prices. The PE of the stock is at 9.05, while the industry PE is at 15.2.
PI Industries | CMP: Rs 3618
The average target
