Maruti to Eicher, here're stocks that meet 'value with quality' criteria

The brokerage has screened stocks that offer 'value in quality'

The correction has moderated valuations, with the Nifty’s price-to-earnings (P/E) inching closer to its long-term average. The Nifty now trades at 17.6 times its estimated one-year forward earnings, down from 19.5 per cent at the end of August. The long-term average is slightly below 16 times. Also, the percentage of stocks in the BSE200 universe (excluding financials) with P/E of less than 15 has increased from 26 per cent at the end of August to 31 per cent now. On the other hand, shares trading at P/E multiple of more than 40 have reduced from 20 per cent to 17