Midcap Stocks with Below Industry PE Levels Can Rally Up to 21% – Value Buys?

The stock market is abuzz with the latest news on midcap stocks that are trading below industry PE levels and have the potential to rally up to 21%. Low PE stocks, also known as value stocks, are often favored by long-term investors for their growth potential.

According to Trendlyne data, PI Industries, ACC, and Federal Bank are currently trading at lower PE ratios compared to their respective industry averages. These stocks, despite belonging to different sectors, have the potential to surge by up to 21%, as indicated by Trendlyne data.

Here is a list of 8 midcap stocks from the BSE Midcap index with below industry PE levels that can potentially rally up to 21%:

1. Union Bank of India | CMP: Rs 158
Brokers have set an average target price of Rs 165 on Union Bank of India, signaling an upside of 5% from the current market prices. The PE of the stock is at 8.74, while the industry PE is at 15.2.

2. Indian Bank | CMP: Rs 567
The average target price of Indian Bank set by brokers is Rs 597, showing an upside potential of 5% from the current market prices. The PE of the stock is at 9.05, while the industry PE is at 15.2.

3. Oracle Financial Services Software | CMP: Rs 7550
Brokers have set an average target price of Rs 7,900 on Oracle Financial Services Software, indicating an upside of 5% from the current market prices. The PE of the stock is at 29.52, while the industry PE is at 30.4.

4. Bank of India | CMP: Rs 130
The brokers have set an average target price of Rs 146 on Bank of India, implying an upside of 12% from the current market prices. The PE of the stock is at 9.05, while the industry PE is at 15.2.

5. PI Industries | CMP: Rs 3618
The average target price of PI Industries from brokers is Rs 4,122, signaling an upside of 14% from the current market prices. The PE of the stock is at 32.66, while the industry PE is at 38.5.

6. ACC | CMP: Rs 2572
The brokers have set an average target price of Rs 2,793 on ACC, indicating an upside of 9% from the current market prices. The PE of the stock is at 20.68, while the industry PE is at 38.1.

7. L&T Finance | CMP: Rs 156
The brokers have set an average target price of Rs 180 on L&T Finance, indicating an upside of 15% from the current market prices. The PE of the stock is at 16.82, while the industry PE is at 23.3.

8. Federal Bank | CMP: Rs 160
The brokers have set an average target price of Rs 189 on Federal Bank, implying an upside of 18% from the current market prices. The PE of the stock is at 10.06, while the industry PE is at 15.2.

These midcap stocks present an exciting opportunity for investors looking to capitalize on undervalued stocks with significant growth potential. It will be interesting to see how these stocks perform in the coming months as investors keep a close eye on their progress.