Kotak Bank, Axis Bank among top 10 Nifty stocks trading at discount of over 15%

Shares of Axis Bank are trading at the highest discount of 65% among the Nifty50 group, with its 10 year average PE of 16.9x.

IndusInd Bank shares are trading at a discount of 46% against its 10-year PE average of 18.7x.

Kotak Bank’s 10 year average PE stands at 26.9x, while the stock is currently trading at a discount of around 36%.

Shares of ONGC are currently trading at a healthy discount of around 31% vis-a-vis its 7.3 year PE average.

HDFC Life Insurance’s historical PE average of 10 years stands at 82.3x and the stock is trading at a discount of 31%.

Shares of SBI are trading at a discount of 28% currently.

Apollo Hospitals shares are trading at a discount of 26%, while its 10 year PE of 25.6x.

Shares of Dr Reddy’s Laboratories are trading at a 26% discount against its 10 year PE average of 25.6x.

Bajaj Finance’s 10 year PE average is 30.5x and the stock is trading at a discount of 23%.

Shares of Coal India are trading at a discount of 19% with a 10 year average PE of 10x.

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