Stocks that are twice as expensive as the Sensex

Despite the steep correction that the markets witnessed recently, 417 stocks, out of a listed universe of 4478, are trading at a PE multiple of more than 32 times, almost double that of the Sensex PE of 16.29 as on June 14. What's more, as many as 110 companies are trading at a PE multiple of more than 100!

 

While a whole bunch of them are unknown names, a lot of them like Punj Lloyd , Moser Baer , Unitech , Shyam Telekom , iGate , Force Motors , Shree Cement , Bombay Rayon Fashion , Mahindra Gesco , Zee Telefilms , and Financial Technologies are very well known amongst the investor community.

 

220 of these are penny stocks, though, quoting at a price of less than Rs 20.

 

A good 148 of these companies are trading at valuations that are between 50 and 100 times their latest earnings. While Sensex, a bellwether of 30 most actively traded stocks representing diverse sectors of the Indian economy, is trading at a 12-month trailing PE multiple of 16.29 and is considered as fairly valued by a lot of experts in the market, these stocks are trading at phenomenal PE multiples, experts feel.

 

On the other hand, 158 companies are trading between a PE multiple of 32-50 times their latest earnings. Whether, these reportedly 'expensive' stocks will fall in line with the Sensex average or not, only time will tell, feel these market experts. 

However, it is important to note that stocks belonging to diverse sectors are valued according to the sector that they represent, as well as, individual company's strengths, experts reckon.

 

 

 

Co_Name	As on June 14
	Mkt Pr (Rs)	P/E
Punj Lloyd	713.95	472.81
Vertex Spinning	58.75	451.92
Robinson Worldwd	22.2	444.00
Permanent Magnet	17.7	442.50
RGN Securities	12.85	428.33
Alphageo (India)	102.5	394.23
Link House Inds	22.7	378.33
Victory Paper	3.67	367.00
ABM Knowledge	10.98	366.00
Moser Baer (I)	174.8	364.17
Ushdev Intl.	57	335.29
Unisys Soft.	10	333.33
Advent Computer	3.22	322.00
Sungold Capital	6.25	312.50
Facts Securities	18.4	306.67
Rushabh Prec.	6	300.00
PFL Infotech	8.96	298.67
Dover Securities	5.85	292.50
Sanket Intl.	11.5	287.50
Unitech	8885.95	273.08
IOL Broadband	45.55	267.94
Chandrika Trader	5.28	264.00
Perfect Circle I	18.35	262.14
Cogent Ventures	2.6	260.00
Indo Green Proj.	44.85	249.17
Noida Tollbridge	34.15	243.93
Navkar Builders	4.8	240.00
C.G. Impex	78.9	239.09
Rhutu Udyog	4.7	235.00
Shivgarh Resorts	16.45	235.00
Radan Multimedia	70.3	234.33
Shyam Telecom	61.9	229.26
Warner Multi.	2.29	229.00
Vision Corpn.	8.82	220.50
Enterprise Intl.	6.59	219.67
Sahara Housing	34.7	216.88
Srinivasa Ship.	218.75	212.38
Anil Modi Oil	10.22	204.40
Swan Mills	817.75	198.97
DPIL	64.1	194.24
Cupid Trades	60	193.55
Koffee Break	7.72	193.00
Samtel Color	34.35	190.83
Kailash Ficom	5.72	190.67
iGate Global Sol	190	190.00
Transgene Biotek	100.35	189.34
Jyoti Resins	1.84	184.00
Insilco	12.85	183.57
Orind Exports	7.29	182.25
Comp-U-Learn	1.81	181.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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