With all this talk about Nifty PE ratio and what is most likely going to be a deteriorating earning season, I decided to have a look at how expensive/ cheap each stock on the Nifty really is.
Of course, in absolute numbers, now at 9,266; historically speaking, Nifty is fairly valued at a P/E multiple of 21. With no cure to the current global problems in site, I am not sure what justifies the stock price appreciation witnessed over the last 3 weeks. That said, nobody complains of a booming stock market even if we are running towards the hades.
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