Here are nine stocks that have returned over 50 percent year-to-date (YTD) in 2020 but are still trading below their five-year average P/E multiple. The price-to-earnings (P/E) measures the current price of a share relative to its earning per share. We have only considered stocks that have a market capitalisation of over Rs 1000 crore. (Data Source: ACE Equity)
Astec Lifesciences | On a YTD basis, the share price has gained 137 percent. It's trailing twelve months (TTM) P/E was 32.57 multiple while 5-year average P/E was 43.29 multiple.
Shilpa Medicare | On a YTD basis, the share price has risen 113 percent It's trailing twelve months (TTM) P/E was 21.56 multiple while 5-year average P/E was 30.26 multiple.
IRB Infrastructure Developers | On a YTD basis, the share price has moved up 76 percent. Its trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.
Ipca Laboratories | On a YTD basis, the share price has gained 76 percent. It's trailing twelve months (TTM) P/E was 27.31 multiple while 5-year average P/E was 42.07 multiple.
Deepak Nitrite | On a YTD basis, the share price has surged 65 percent. It's trailing twelve months (TTM) P/E was 14.50 multiple while 5-year average P/E was 20.70 multiple.
Strides Pharma Science | On a YTD basis, the share price has gained 59 percent. It's trailing twelve months (TTM) P/E was 37.94 multiple while 5-year average P/E was 43.12 multiple.
Nucleus Software Exports | On a YTD basis, the share price has gained 59 percent. It's trailing twelve months (TTM) P/E was 12.07 multiple while 5-year average P/E was 13.78 multiple.
Astra Microwave Products | On a YTD basis, the share price has gained 53 percent. It's trailing twelve months (TTM) P/E was 24.90 multiple while 5-year average P/E was 28.28 multiple.
Polyplex Corporation | On a YTD basis, the share price has gained 52 percent. It's trailing twelve months (TTM) P/E was 6.56 multiple while 5-year average P/E was 9.27 multiple.
