These three large-cap stocks look cheap. Here's why investors should look closer

A LiveMint analysis identifies three large-cap stocks trading at relatively cheap valuations versus peers. ICICI Prudential Life trades at a lower P/E than life insurance peers after Prudential plc's stake sale (a regulatory requirement linked to its Bharti Life acquisition), not due to business weakness. ICICI Prudential Life reported FY26 VNB of ₹26.29 billion, up 10.9% year-on-year, with VNB margin rising to 24.7% from 22.8%, and net profit up 34.6% to ₹16 billion. Axis Bank trades at the lowest P/E among large private-sector banks, with total advances up 19% year-on-year (wholesale 38%, SME 24%, retail 8%) and GNPA at 1.23%, down 17 basis points quarter-on-quarter.