Front-running stocks of next upswing

At current levels, many frontline stocks seem to be adequately factoring in their business performance. However, there are a few opportunities like Bharti Airtel, SBI and L&T , which seem to be the front-runners of next upswing.

Here are few stocks which are richly valued and stocks that can fetch good returns in long run.

Reliance Industries Ltd

January 12, 2007
P/E*- 16.8
PAT Gr(%)#- 25.6

June 24, 2008
P/E- 19.7
PAT Gr(%)- 29.5

May 20, 2009
P/E- 21.7
PAT Gr(%)- 2.3

HDFC Bank Ltd

January 12, 2007
P/E*- 27.4
PAT Gr(%)#- 22.8

June 24, 2008
P/E- 29.4
PAT Gr(%)- 39.7

May 20, 2009
P/E- 27.5
PAT Gr(%)- 15.3

Hindustan Unilever

January 12, 2007
P/E*- 26.1
PAT Gr(%)#- 34.6

June 24, 2008
P/E- 24.4
PAT Gr(%)- 6.0

May 20, 2009
P/E- 24.3
PAT Gr(%)- 10.6

ITC Ltd

January 12, 2007
P/E*- 26.4
PAT Gr(%)#- 2.9

June 24, 2008
P/E- 23.7
PAT Gr(%)- 16.0

May 20, 2009
P/E- 22.1
PAT Gr(%)- 5.1

ICICI Bank Ltd

January 12, 2007
P/E*- 29.6
PAT Gr(%)#- 40.1

June 24, 2008
P/E- 23.1
PAT Gr(%)- 15.2

May 20, 2009
P/E- 22.1
PAT Gr(%)- 5.3

Bharti Airtel

January 12, 2007
P/E- 38.8
PAT Gr(%)- 72.7.1

June 24, 2008
P/E- 22.3
PAT Gr(%)- 57.4

May 20, 2009
P/E- 20.8
PAT Gr(%)- 22.9

State Bank of India

January 12, 2007
P/E- 12.0
PAT Gr(%): -8.6

June 24, 2008
P/E- 8.5
PAT Gr(%)- 40.8

May 20, 2009
P/E- 10.3
PAT Gr(%)- 22.3

Larsen & Toubro

January 12, 2007
P/E- 38.0
PAT Gr(%): 44.2

June 24, 2008
P/E- 35.4
PAT Gr(%)- 63.2

May 20, 2009
P/E- 23.1
PAT Gr(%)- 80.9