Healthcare to metals sectors: Finding the discount sweet spot in Nifty50

Over 50% of benchmark index components defy highs

More than 50 per cent of the components in the National Stock Exchange Nifty50 Index are presently trading at a discount compared to their historical averages. This is the case even though the benchmark index is only 5 per cent below its all-time high.

The list of stocks trading at a discount primarily consists of companies in the automotive, banking, oil and gas, insurance, healthcare, and metal sectors.

Conversely, the technology, retail, and consumer sectors are predominantly trading at a premium.

An analysis by Motilal Oswal reveals that Grasim Industries, Reliance Industries, Tech Mahindra, and Divi’s Laboratories are trading at