Thursday, January 30, 2014
The following chart displays P/E trend for NIFTY
The current P/E ratio for NIFTY is 17.7, which is a tad below long term average of 18.3.
The market appears to be consolidating near this over the last few quarters and is perhaps waiting for major events such as Election before going up or down. Till then the action would remain stock specific and tied to earnings,
The current P/E ratio for NIFTY is 17.7, which is a tad below long term average of 18.3.
The market appears to be consolidating near this over the last few quarters and is perhaps waiting for major events such as Election before going up or down. Till then the action would remain stock specific and tied to earnings,
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P/E
Rations
|
|
|
Maximum:
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28.5
|
|
Minimum
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10.7
|
|
Average
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18.3
|
|
Current
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17.7
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