TCS, SBI, and other stocks may rise 38%

Several large-cap stocks are currently trading below their industry price-to-earnings (PE) ratios, suggesting they could be good investment opportunities. According to Trendlyne, companies like TCS, Infosys, SBI, and others might see significant price increases, up to 38%. Analysts have identified these stocks as potential value picks for long-term investment. TCS and Infosys, along with SBI, ITC, Sun Pharma, LIC, and NTPC, are all trading at lower PE ratios compared to their industry averages. For TCS, brokers have set a target price of Rs 4,389, indicating a 23% increase potential. The stock's PE is at 26.4, while the industry average is 28.1. Infosys has a target of Rs 2,051 with a 27% upside possibility. Its current PE is 24.3, below the industry average of 28.1. SBI is also on the list, with a target price of Rs 919, suggesting a 23% upside. Its PE is significantly low at 8.4, compared to the industry PE of 15.1. Other stocks like Hindustan Unilever and ITC have target prices showing potential gains but are also close to their industry PE averages. LIC stands out with a target price of Rs 1,077, showing an impressive potential increase of 38%. Its PE stands at 11.4, well below the industry average of 75.5, presenting a strong investment case. Overall, these stocks have garnered attention for their low PE ratios and promising forecasts from analysts, indicating potential growth in a competitive market.