The current market meltdown has brought up some of the most attractive investment opportunities in the Indian markets. Its true that more correction cant be ruled out but even at present levels some stocks look very undervalued as compared to their future growth and earnings potential. Listed below are five fundamentally strong stocks which have a PE of less then five. These stocks can be good investments with a long term perspective.
1)Hindustan Zinc Ltd - PE ratio 4.66
2)Su-raj Diamonds & Jewellery Ltd - PE ratio 3.68
3)Jindal Saw Ltd - PE ratio 3.62
4)Jindal Photo Ltd - PE ratio 2.50
5)Ajmera Realty & Infra India Ltd - PE ratio 3.53
Note: All stocks with a low PE ratio need not be fundamentally strong stocks. PE ratio is just one of the parameters to consider while making an investment. The fundamentals and long term growth drivers is what matters the most or the company. The above listed stocks have low PE, strong fundamentals and also good future growth potential based on the industry they cater to.
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