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News From Press Markets not expensive, earnings should improve, say top fund managers

Markets not expensive, earnings should improve, say top fund managers

Source: Business Standard Oct 12, 2017
The are favourably valued on parameters such as capitalisation-to-GDP and price-to-book value, say the country’s top fund managers.  This is in contrast to the popular perception that Indian are expensive as it trades at a price-to-earnings valuation way above its long-term averages.

 

“There is this notion that the are expensive. I feel differently. India’s cap-to-GDP ratio is very attractive. It is true that earnings have been weak in India but that will change maybe from this year itself,” said Prashant Jain, executive director and chief investment officer (CIO), HDFC MF.

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