1. P/E ( trailing twelve month) alongwith a lower forward P/E - "generally" indicates a good buy canditate.
2. Very high P/E ( trailing twelve month) alongwith a even higher forward P/E, "generally" indicates a short canditate.
3. Very low P/E may also indicate a tainted share - so be careful and excercise caution in choosing a very low P/E share. Probably it is better idea to explore all of the top ten stocks with lowest P/E.
4. If you have experience with Indian geography, Indian economy and if you are familiar with local conditions of India you will be better positioned to take advantage of this list
| Symbol | P/E (ttm) | P/E (Forward) |
| ctsh | 13.05 | 10.93 |
| hdb | 18.78 | 13.18 |
| ibn | 10.39 | 7.67 |
| igte | 10.51 | 9.36 |
| iif | N/A | N/A |
| infy | N/A | 10.31 |
| mte | 18.75 | 15.79 |
| pti | 4.12 | 5.07 |
| rdy | 31.55 | 12.71 |
| redf | N/A | N/A |
| say | 10.46 | 7.81 |
| sify | N/A | 5.10 |
| synt | 12.66 | 11.51 |
| ttm | 4.30 | 8.44 |
| vsl | ||
| wit | 14.52 | 10.77 |
| wns | 24.60 | 6.45 |
| ifn | N/A | N/A |
| slt | 3.75 | 0.06 |