India, July 26 -- The Price-to-Earnings Growth (PEG) ratio is a financial metric that combines a company's price-to-earnings (P/E) ratio with its earnings growth rate. It is calculated by dividing the P/E ratio by the company's expected earnings growth rate.

A PEG ratio of 1 is generally considered to indicate that a stock is fairly valued, as the price aligns with the company's growth rate. A ratio below 1 suggests that the stock may be undervalued relative to its growth potential, while a ratio above 1 could indicate overvaluation.

The stocks to watch out for NBCC Limited NBCC (India) Limited, a Navratna Public Sector Enterprise under the Ministry of Housing and Urban Affairs, is a leading player in the construction and infrastructure...