2019-20 PE: 22.6Current price (Rs): 4771-yr target price (Rs): 627Potential upside: 31%BUY: 14HOLD: 3SELL: 3Sagar cement2019-20 PE: 17.8Current price (Rs): 5501-yr target price (Rs): 716Potential upside: 30%BUY: 9HOLD: 0SELL: 1Kei Industries2019-20 PE: 15.8Current price (Rs): 5311-yr target price (Rs): 629Potential upside: 18%BUY: 12HOLD: 1SELL: 0PSP PROJECTS2019-20 PE: 15.8Current price (Rs): 5311-yr target price (Rs): 659Potential upside: 24%BUY: 8HOLD: 0SELL: 0Deepak NitriteBUY: 7HOLD: 0SELL: 0Gateway Distriparks2019-20 PE: 16.8Current price (Rs): 1341-yr target price (Rs): 150Potential upside: 12%BUY: 12HOLD: 2SELL: 1Increasing global liquidity, easing trade wars and expectations of an income tax cut in the upcoming Budget are some of the factors making investors optimistic. The estimated 2019-20 PE of BSE Sensex is 23.5 times and it is trading slightly above its 5-year historical average of 22.9. Moderately valued stocks with strong past performance and robust future prospects could prove effective under such market conditions. According to Bloomberg consensus forecasts, the company is expected to deliver revenue growth and adjusted EPS growth of 19.6% and 36.3% respectively in the December quarter. According to Bloomberg, the stock’s 2019-20 estimated PE trades at over 25% discount relative to the estimated average PE of the BSE500 index.Stock and index values have been normalised to a base of 100.

Source: Economic Times January 27, 2020 00:56 UTC