Mumbai: The price-earnings ratio (PE), a popular indicator of stock or index valuations, for the benchmark Nifty has dropped 33% in the past three years even as the index surged 52% in this period. Analysts said the decline in valuations is on account of strong growth in earnings. The Nifty’s PE ratio, based on trailing … Read more
In a landmark order, the Madras High Court directed the Reserve Bank of India (RBI) to conduct a fresh valuation exercise based on which the regulator should reconsider its decision to write off the tier-2 bonds of Lakshmi Vilas Bank (LVB), which was merged with DBS Bank India in 2020. The order has given LVB’s … Read more
MUMBAI – Concerns over high valuations in the smallcap universe seems to have ebbed as stocks rallied in the week gone by and outperformed benchmarks by a wide margin. As many as 400 smallcap stocks gave double-digit returns of upto 52% in the week ended April 5, data by Ace Equity showed. Of these 400 … Read more
Mahantesh Sabarad, Independent Market Expert, says the market expects a continuation of the government and better monsoon forecast. If these two things happen, there will be solid earnings growth. We might expect a little bit of moderation in valuation, but the market momentum will not get disturbed and will not see a great fall. We … Read more
Mumbai: Indian equity indices dropped almost half a percentage point Friday, paring Thursday’s gains, as valuation discomfort continued to weigh on investors after regulatory caution over likely bubbles in the riskiest pockets of equity assets. Of the 50 stocks in Nifty, 11 advanced and 39 declined. “The investors in the markets are worried after the … Read more
Eicher Motors. Share Price 3904.50 12:11 PM | 22 Feb 2024 68.16(1.78%) HCL Technologies. Share Price 1664.50 12:11 PM | 22 Feb 2024 28.21(1.73%) Coal India. Share Price 439.05 12:11 PM | 22 Feb 2024 6.11(1.41%) Tech Mahindra. Share Price 1309.85 12:11 PM | 22 Feb 2024 13.25(1.03%) ITC. Share Price 407.45 12:11 PM | … Read more
The gloomy global economic outlook, optimally projected earnings estimate, coupled with high quartile valuation multiples has prompted Waterfield Advisors to take a cautious stance on the Indian market. “The benchmark Nifty-50 is trading at over 20 times its 1-year forward earnings. Though this multiple appears reasonable, it is not cheap compared to other global and … Read more
“But, the whole consensus, if you look at, let us say, for example, a company like GAIL or Petronet, everybody has a sell call, but the company is delivering, ROE is at 20-22%, then at some point people will want to participate there,” says Hemang Jani, Independent Market Expert. We were just debating earlier today … Read more
