Looking for long term investment?
One of the ways is to look through P/E ratio. Here is the list of companies which delivered good results in the last four quarters and where current P/E is running below its 3 year’s average P/E. Applying similar rational to the banking companies, list contains banking stocks where, these companies gave good results in the last 4 quarters and current P/B ratio is lower than the 3 years average P/B. Considering the volatility in the markets, we have considered only large cap stocks with a market cap of more than 30 thousand crore rupees.