April 18, 2024

Housing Finance Development

It's Your Housing Finance Development

Stocks in HDFC’s portfolio with PEG ratio of less than 1 to add to your watchlist

HDFC, or Housing Development Finance Corporation Limited, is a notable financial organization in India. HDFC, founded in 1977, is a top provider of home finance services, including mortgages, loans, insurance, and banking solutions, serving millions of consumers nationally. 

The Price/Earnings to Growth (PEG) ratio evaluates a stock’s valuation by comparing its price-to-earnings ratio and earnings growth rate. This tool assists investors in determining a stock’s fair value based on its potential for growth. 

Here is the list of stocks in the HDFC portfolio with a peg ratio of less than one:-

JK Tyre & Industries Ltd 

JK Tyre & Industries is a leading tyre manufacturer in India and one of the top 25 manufacturers in the world, with a diverse product portfolio that includes trucks/buses, LCVs (light commercial vehicles), passenger cars, MUVs (multi-utility vehicles), and tractors. 

With a market capitalization of Rs 10,798 crore, the shares closed at Rs 414 per share, increasing around 0.06 percent as compared to the previous closing price. The company’s PEG ratio has been assessed to be 0.24. 

Housing Development Finance Corporation holds 33,33,333 equity shares which is equivalent to 1.28 percent of the company as of December 2023. 

The company’s revenue stood at Rs 3,688 crore in Q3FY24, during the same time frame, net profit stood at Rs 227 crore. 

Power Grid Corporation of India Ltd 

Power Grid Corporation of India Limited is a power transmission business that plans, implements, operates, and maintains the Inter-State Transmission System (ISTS), as well as provides communications and consultancy services. Transmission Services, Consultancy Services, and Telecom Services are the three business sectors of the company. 

With a market capitalization of Rs 2.56 lakh crore, the shares closed at Rs 276 per share, increasing around 0.71 percent as compared to the previous closing price. The company’s PEG ratio has been assessed to be 0.59. 

Housing Development Finance Corporation holds 9,84,22,980 equity shares which is equivalent to 1.06 percent of the company as of December 2023. 

The company’s revenue stood at Rs 11,550 crore in Q3FY24, during the same time frame, net profit stood at Rs 4,028 crore. 

Ion Exchange (India) Ltd 

Ion Exchange (India) provides a comprehensive range of solutions across the water cycle, including pre-treatment, process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, and seawater desalination. 

With a market capitalization of Rs 7,193 crore, the shares closed at Rs 490 per share, decreasing around 0.82 percent as compared to the previous closing price. The company’s PEG ratio has been assessed to be 0.87. 

Housing Development Finance Corporation holds 35,80,179 equity shares which is equivalent to 2.44 percent of the company as of December 2023. 

The company’s revenue stood at Rs 554 crore in Q3FY24, during the same time frame, net profit stood at Rs 47 crore. 

Written by:- Abhishek Singh

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