As Nifty and broader market corrects, judged on the basis of price earning (PE) ratio some stocks may start to look cheap. More often than not, relying on PE may lead to wrong investment decisions given the huge difference in what is value and what looks cheap due to one financial ratio. The PEG ratio is a better indicator than many other ratios especially P/E which is followed by the majority. The selected list applies different algorithms for all BSE and NSE stocks. For the purpose of this article, we have taken only NSE stocks into consideration.
KRN Heat Exchanger shares hit 5% upper circuit as Q1 net profit more than doubles
Shares of KRN Heat Exchanger and Refrigeration hit a upper circuit on Thursday, following a strong Q1 FY27 earnings performance. The rally was driven by