NSE Nifty 50 price to earnings ratio touched its record high of 29.24 on April 2. What caused this spike? Average Nifty PE is at 21.07. Nifty PB is at around 3.74 (average Nifty PB level is 3.64). What can we infer from this data? Can we say the market is highly overvalued?
We believe the markets, in terms of frontline indices, are currently fully valued but not overvalued. When it comes to mid- and small-caps there are investment opportunities which are available at attracti ..