Nifty’s hidden discount sale: 54% of top Indian stocks are cheaper now than in 2023. Is it time to buy? (opens original article in a new tab)

More than half of India's top Nifty50 stocks are cheaper than in 2023, with the Nifty Index down 10% from its 52-week high due to global supply chain issues and rising crude prices, though some stocks have seen significant price increases.

• 54% of Nifty50 stocks are trading at cheaper 12-month forward P/E multiples than in 2023.
• Nifty Index has slid 10% from its 52-week high due to global supply chain disruptions and rising crude prices.
• Some stocks like Bharat Electronics and Bajaj Auto have become significantly more expensive than in 2023.