3 Large Cap Stocks From Different Sectors With Price To Earning Ratio Below 10

As you might know Price to Earning (PE) ratio gives the signal of whether the stock is overpriced or it is underpriced the more the PE ratio the more the stock is overpriced and that less it is the more it is underpriced.

Downfall of the markets earlier this year has given many investors in the equity markets a opportunity to buy the equity in discounts. However, some investors might have not got a chance to participate in the market on the strong recovery.

So, here are 3 of the Large Cap stocks that have PE ratio below 10.

Tata Steel Ltd.

Asia's first fully integrated private steel company, Tata Steel Ltd, was founded in 1907. The business of the company is present along the whole value chain of steel production, from the extraction and processing of iron ore and coal to the creation and distribution of completed goods. By 2025, the corporation aims to raise local steel production capacity to 30 MnTPA.

The current market price of the stock is Rs. 103, with a market capitalization of Rs. 126, 039 Crores. The Price to Earning ratio of the stock is currently 3.27 and Price to earning to growth ratio is 0.04.

Vedanta Ltd.

A diversified natural resource company, Vedanta Ltd. is involved in the exploration, extraction, and processing of minerals and oil & gas. The company is involved in the exploration, production, and sale of iron ore, oil & gas, lead, zinc, copper, silver, aluminium, and other metals. It is present in India, Namibia , South Africa , Liberia, Ireland, and the United Arab Emirates.Additionally, Tata Steel is also engaged in commercial steel production, power generation, and port operations in India, as well as glass substrate production in South Korea and Taiwan.

The current market price of the stock is Rs. 283, with a market capitalization of Rs. 105, 290 Crores. The Price to Earning ratio of the stock is currently 5.56 and Price to earning to growth ratio is 0.19.

Bank Of Baroda

Bank of Baroda is an Indian nationalized financial and banking services company and it is the second largest public sector bank of India in terms of market cap. The company is engaged in providing corporate banking, personal banking, Small & Medium Enterprise (SME), rural banking, treasury services in India.

The current market price of the stock is Rs. 141, with a market capitalization of Rs. 73, 071Crores. The Price to Earning ratio of the stock is currently 8.42 and Price to earning to growth ratio is 0.24.