Many quality stocks available cheap, get your buy list ready

Stocks such as ONGC, Tata Steel, SBI Cards, UPL, HDFC Asset Management Company, and Tata Power, among others, are trading at more than 25% discount to their long-term average price to earnings (PE) ratio – a popular valuation measure. According to Bloomberg consensus estimates of analysts, many of these stocks could return over 20%.

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