4 stocks from different sectors with right PEG ratio for long-term wealth creation

One of the reasons why looking only at Price earning (PE) ratio leads to wrong decisions is that by the time PE gets adjusted to newly announced earnings per share (EPS), it is too late. Especially in the case of commodity stocks, PE ratio is probably the last thing to look at as it creates a mirage of value. Coming on the list is an Adani group company, which even skeptics say is probably best placed in its sector.

Capital good companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Given the performance of the stock, a large majority of these stocks have hold recommendations from the analysts.

Development of relations between India and China was 'premised on prevalence of peace of tranquility at the borders', Singh told his counterpart, according to government insiders. The meeting ahead of Shanghai Cooperation Organisation defence ministers conference focused only on prevailing border tensions.