Potential Upside For Bajaj Finance Limited (NSE:BAJFINANCE) Not Without Risk
Apr 27
Indian (NIFTY) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies4246
- 7D2.6%
- 3M8.4%
- 1Y45.0%
- YTD10.0%
Over the last 7 days, the market has risen 2.6%, driven by gains in every sector, especially the Financials sector. The market is up 45% over the last 12 months. As for the next few years, earnings are expected to grow by 18% per annum.
Market Valuation and Performance
Has the Indian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | ₹399.7t | ₹156.2t | ₹15.0t | 31.7x | 26.7x | 2.6x |
| Mon, 25 Mar 2024 | ₹378.0t | ₹154.9t | ₹14.8t | 29x | 25.6x | 2.4x |
| Wed, 21 Feb 2024 | ₹386.7t | ₹154.8t | ₹14.8t | 31.6x | 26.2x | 2.5x |
| Fri, 19 Jan 2024 | ₹365.2t | ₹153.0t | ₹14.2t | 30.9x | 25.7x | 2.4x |
| Sun, 17 Dec 2023 | ₹353.8t | ₹152.2t | ₹14.2t | 29.1x | 25x | 2.3x |
| Tue, 14 Nov 2023 | ₹318.4t | ₹152.8t | ₹14.1t | 27.7x | 22.5x | 2.1x |
| Thu, 12 Oct 2023 | ₹317.9t | ₹151.2t | ₹13.2t | 28.2x | 24.2x | 2.1x |
| Sat, 09 Sep 2023 | ₹322.3t | ₹152.3t | ₹13.4t | 28x | 24.1x | 2.1x |
| Mon, 07 Aug 2023 | ₹306.4t | ₹151.9t | ₹13.3t | 27x | 23x | 2x |
| Wed, 05 Jul 2023 | ₹295.8t | ₹149.9t | ₹12.5t | 25.6x | 23.7x | 2x |
| Fri, 02 Jun 2023 | ₹281.3t | ₹150.3t | ₹12.5t | 24x | 22.5x | 1.9x |
| Sun, 30 Apr 2023 | ₹269.3t | ₹146.2t | ₹12.2t | 22.3x | 22x | 1.8x |
| Tue, 28 Mar 2023 | ₹251.4t | ₹144.9t | ₹12.2t | 20x | 20.7x | 1.7x |
| Thu, 23 Feb 2023 | ₹258.6t | ₹145.0t | ₹12.2t | 21.3x | 21.3x | 1.8x |
| Sat, 21 Jan 2023 | ₹277.9t | ₹139.7t | ₹11.9t | 23.1x | 23.3x | 2x |
| Mon, 19 Dec 2022 | ₹283.3t | ₹139.2t | ₹11.9t | 23x | 23.8x | 2x |
| Wed, 16 Nov 2022 | ₹282.1t | ₹138.0t | ₹12.0t | 22.2x | 23.6x | 2x |
| Fri, 14 Oct 2022 | ₹263.4t | ₹131.4t | ₹11.9t | 21.8x | 22.1x | 2x |
| Sun, 11 Sep 2022 | ₹275.9t | ₹130.9t | ₹11.9t | 22.4x | 23.3x | 2.1x |
| Tue, 09 Aug 2022 | ₹266.2t | ₹128.3t | ₹11.5t | 21.5x | 23.1x | 2.1x |
| Thu, 07 Jul 2022 | ₹242.6t | ₹120.7t | ₹11.4t | 20.7x | 21.4x | 2x |
| Sat, 04 Jun 2022 | ₹250.9t | ₹121.9t | ₹11.3t | 20.3x | 22.2x | 2.1x |
| Mon, 02 May 2022 | ₹260.4t | ₹109.2t | ₹10.8t | 22x | 24.2x | 2.4x |
| Wed, 30 Mar 2022 | ₹256.2t | ₹108.1t | ₹10.5t | 19.8x | 24.3x | 2.4x |
| Fri, 25 Feb 2022 | ₹236.5t | ₹108.4t | ₹10.6t | 19x | 22.3x | 2.2x |
| Sun, 23 Jan 2022 | ₹262.8t | ₹102.3t | ₹10.0t | 23x | 26.4x | 2.6x |
| Tue, 21 Dec 2021 | ₹247.0t | ₹101.8t | ₹9.9t | 19x | 25x | 2.4x |
| Thu, 18 Nov 2021 | ₹264.3t | ₹101.7t | ₹9.9t | 20.3x | 26.8x | 2.6x |
| Sat, 16 Oct 2021 | ₹267.6t | ₹96.3t | ₹8.9t | 22.2x | 29.9x | 2.8x |
| Mon, 13 Sep 2021 | ₹251.7t | ₹96.5t | ₹8.7t | 19.9x | 28.9x | 2.6x |
| Wed, 11 Aug 2021 | ₹233.1t | ₹96.4t | ₹8.9t | 19.4x | 26.2x | 2.4x |
| Sun, 06 Jun 2021 | ₹219.3t | ₹87.7t | ₹7.4t | 20.7x | 29.7x | 2.5x |
Price to Earnings Ratio
27.6x
Current Market PE
- Investors are relatively neutral on the Indian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 24.3x.
Past Earnings Growth
- The earnings for Indian listed companies have grown 27% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Indian Market?
| IN Market | 2.61% | |
| Real Estate | 4.51% | |
| Industrials | 4.49% | |
| Materials | 3.84% | |
| Healthcare | 2.55% | |
| Financials | 2.50% | |
| Telecom | 2.39% | |
| Consumer Staples | 2.22% | |
| Consumer Discretionary | 2.15% | |
| Utilities | 1.86% | |
| Tech | 1.26% | |
| Energy | 1.02% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 61.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 30.8%, which is higher than its past year's earnings growth of 26.7% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.1x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 31% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 4.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SBIN State Bank of India | ₹801.30 | 6.8% +₹453.8b | 38.6% | PB1.8x | Financials | |
| 532215 Axis Bank | ₹1.13k | 9.8% +₹310.7b | 31.4% | PB2.2x | Financials | |
| ICICIBANK ICICI Bank | ₹1.11k | 3.8% +₹286.3b | 20.7% | PB3.2x | Financials | |
| IDEA Vodafone Idea | ₹14.00 | 8.5% +₹284.2b | 101.4% | PS2.2x | Telecom | |
| IRFC Indian Railway Finance | ₹158.05 | 12.1% +₹222.8b | 397.8% | PE34.2x | Financials |
