India’s investable value stock universe is showing signs of stabilising after a steep decline during the market’s previous bull run, creating fresh opportunities in energy, metals and select financial sectors.
The proportion of value stocks among the top 1,000 companies by market capitalisation has risen to 13% in August 2026 from 11% in 2024, according to a report by ICICI Securities. The universe had fallen sharply from 30% in 2022, with the biggest decline occurring between March 2023 and September 2024, when the Nifty 50 climbed about 54%.
