Large Cap stocks are often considered as safe heaven when building portfolio. But they are usually fully priced in and are not available at low PE levels. But a market correction provides good opportunity to pick quality large cap stock at cheaper valuation.
InvestorZclub lists down a list of large cap stocks having market cap above of Rs. 5000 crores and available at a PE of less than 15.
| Company | Industry | Makt Cap in Rs. Cr | Profit as % of sales | PE |
| ONGC | Oil Drilling And Exploration |
231,041.01
|
27.83
|
12.2
|
Hindustan Zinc Ltd.
|
Metals - Non Ferrous - Zinc/Zinc Alloys - Products
|
56,788.29
| 49.46 |
11.6
|
| Tata Steel Ltd | Steel |
55,361.06
|
20.24
| 8.06 |
| OIL India Ltd |
Oil Drilling And Exploration
|
30,714.44
|
32.89
|
10.6
|
| SESA GOA | Mining & Minerals |
25,017.08
|
39.94
| 7.29 |
Neyveli Lignite Corporation Ltd.
| Power Generation |
17,188.13
|
30.27
|
13.2
|
JSW Energy Ltd.
| Power Generation |
11,964.20
|
22.93
|
13.5
|
| SJVN | Power Generation |
8,790.33
|
55.48
|
9.64
|
MOIL Ltd.
| Mining & Minerals |
5,906.04
|
48.16
|
10
|
Gujarat State Petronet Ltd.
|
Petrochem - Others
|
5,454.24
|
41.71
|
10.8
|
What about Tata Motors. Its FY11 EPS was 155, hence at the CMP of 980, it is trading at a PE of 6.3. It seems to be cheapest of the lot.
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