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Large-cap giants often come with hefty price tags. After all, market dominance and strong fundamentals rarely come cheap. But what if we told you that some of these market movers are still trading at attractive valuations, even after clocking impressive returns over the past three years?
Using Value Research’s Stock Ratings, we dug out three such outliers with a Valuation Score of 7 or above. These stocks have also delivered solid three-year gains of as much as 41 per cent and still offer room to run. They're big, they're proven, and surprisingly, they’re still not overpriced. Let’s take a quick look at them.
1) Axis Bank
India’s third-largest private lender, Axis Bank has sharpened its focus on the premium segment with its acquisition of Citi Bank’s assets, which has improved its position in the credit card market. As a result of this acquisition and growth in its core business, its loan book grew from Rs 5.8 lakh crore in 2020 to Rs 10.8 lakh crore in FY25. Although the bank’s NIM is on par with larger peers, it lags behind on return on assets significantly.
| Stock | 3-year return (%pa) | P/B | 5-year book value growth (%pa) |
|---|---|---|---|
| Axis Bank | 24.84 | 2.06 | 13.92 |
| Returns data as of June 6, 2025 | |||
2) Bharat Petroleum
A state-owned oil refining and marketing giant, BPCL with a processed crude output of 14 million metric tonnes, the highest among all PSU OMCs. Its recent performance can be attributed to increased capacity utilisation and better realisations. It is planning to invest Rs 1.7 lakh crore on refining petrochemicals, gas and green energy to secure future growth.
| Stock | 3-year return (%pa) | P/E | 5-year profit growth (%pa) |
|---|---|---|---|
| BPCL | 28.95 | 10.72 | 27.33 |
| Returns data as of June 6, 2025 | |||
3) Shriram Finance
The largest retail NBFC in India, Shriram Finance lends to the underserved—especially commercial vehicle owners, which contribute 45 per cent to the total loan book, followed by passenger vehicles at 21 per cent. The lender has 3,220 branches, 55 per cent of which are located in rural areas. Tamil Nadu accounts for the highest number of branches at 775. The company primarily borrows from public deposits that make up 24 per cent of borrowings, followed by term-loans at 21 per cent.
| Stock | 3-year return (%pa) | P/B | 5-year book value growth (%pa) |
|---|---|---|---|
| Shriram Finance | 41.35 | 2.35 | 14 |
| Returns data as of June 6, 2025 | |||
The top-rated trio
| Company | Stock Rating | Quality Score | Growth Score | Valuation Score | Momentum Score |
|---|---|---|---|---|---|
| Axis Bank | ★★★★★ | 6 | 8 | 7 | 7 |
| Bharat Petroleum Corporation | ★★★★★ | 7 | 6 | 8 | 7 |
| Shriram Finance | ★★★★★ | 9 | 4 | 7 | 8 |
| Ratings are updated daily | |||||
Similarly, want to shortlist market-backed mid caps still trading at inexpensive levels? Explore our screener list and find the combination of valuation and momentum you are looking for.
Also read: Just 1% return despite rising profits: Why HUL is struggling
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