Which are the best spacetech stocks in India right now?
As per Equitymaster's Screener, here is a list of the best spacetech stocks in India right now...
- #1 L&T
- #2 HINDUSTAN AERO.
- #3 CYIENT
- #4 DATA PATTERNS
- #5 CE INFO SYSTEMS
These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
Where can I find a list of spacetech stocks?
The details of listed spacetech stocks can be found on the NSE and BSE website.
For a curated list you can check out our list of spacetech stocks .
What are the metrics used to evaluate spacetech stocks ?
Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.
The commonly used financial ratios used in the valuation of renewable energy companies are -
Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.
To find stocks with favorable P/BV Ratios, check out our list of stocks according to their P/BV Ratios.
Price to Earnings Ratio (P/E) – It compares the company’s stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.
To find stocks with favorable P/E Ratios, check out our list of stocks according to their P/E Ratios.