Why Indian StockMarket Quoting at High P-E ?

June 12, 2017

We already put out on Twitter that we are booking profits. As against the historical average multiple of 14.7x, the Nifty currently trades at 17.8x i.e, 20% premium. Over the last 10 years, the market has traded above this multiple for only 3% of
trading days.

Earnings growth trend also does not appear to be particularly attractive with earnings revisions still happening on the downside. Hence valuation Read more