Low PE stocks are considered as value stocks, which are best suited for long-term investment horizons. UPL, Apollo Tyres, M&M Financial Services and Power Finance Corporation are trading at lower PE than their respective industry PE, according to Trendlyne data. Meanwhile, these stocks belong to different industries and can rally up to 64%, Trendlyne data suggested.Here is a list of 10 stocks with below industry PE levels that can rally up to 64%, according to Trendlyne data:
Sugar stocks Bajaj Hindusthan Sugar, Balrampur Chini, others rally up to 8% after govt tightens stock limits
Sugar stocks rallied up to 8% after the government tightened inventory limits for dealers amid record-high sugar prices. Bajaj Hindusthan Sugar led gains, while Balrampur