Which are the best ESG stocks in India right now?
As per Equitymaster's Stock Screener, here is a list of the best ESG stocks in India right now...
- #1 NESTLE
- #2 P&G HYGIENE
- #3 INFO EDGE
- #4 COLGATE
- #5 PAGE INDUSTRIES
These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
What are ESG stocks?
ESG stands for environmental, social and governance.
ESG stocks are listed companies that that pay more attention and are conscious of environmental, social and governance issues. They focus on sustainability and environmental concerns rather than just considering their bottom line.
ESG investing screens investments based on corporate policies and encourage companies to act responsibly.
When should you invest in ESG stocks?
The best time to buy stocks from the ESG sector is when companies that have strong fundamentals are trading at attractive valuations.
Given the rise in activism and sustainable investing, ESG investing is a very good potential opportunity for investors. It has already gained momentum in India, with companies choosing to act with greater social and environmental responsibility.
Where can I find a list of ESG stocks?
The details of listed ESG companies can be found on the NSE and BSE website.
For a curated list, you can check out our list of ESG stocks.