The targets for the index have been revised upwards due to an upward revision in the 15-year average PE (18.8x) with an EPS of 1,342.
Technically, we need a strong closing above the levels of 22,124 to initiate fresh longs. With ADX near historic highs and weekly RSI divergence, I'm not comfortable to enter fresh trades here. Even on Tuesday (February 27, 2023), the market breadth remained very poor, and more than 53 percent of stocks were trading 3 percent or lower.
At present, there is a froth in the valuations of mid-caps and small caps; however, large caps are fairly priced to be added to any dips. Midcaps are trading at a price-to-earnings ratio of 27x, and small caps are trading at a price-to-earnings ratio of 33x.
Such high levels are not at all comfortable for making an investment.
هذه القصة مأخوذة من طبعة March 16, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 16, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
LG nods to deployment of CDVs
In a move to tackle the ongoing air pollution crisis in the national capital, Delhi Lieutenant Governor VK Saxena on Wednesday approved the redeployment of Civil Defence Volunteers (CDVs) for a four-month period from November 1, 2024, to February 28, 2025.
Delhi has become gas chamber, AAP responsible for all this: BJP
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Police nab wanted shooter Mogli, Gogi Gang member
The Special Cell of Delhi Police on Wednesday arrested the third Gogi gang member in connection with the November 4 firing incidents in Nangloi and Alipur areas.
Winter action plan: Govt to set up 250 pagoda tents for homeless
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DELHI'S AQI HITS 'SEVERE': WORST IN COUNTRY THIS SEASON
Bihar's Hajipur, with an AQI of 417, had the second-worst reading in the country
LG appeals to CM to hike EWS limit to 5 lakh
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Delhi court grants bail to Vivo India official in PMLA case
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Gujarat High Court Rejected Temporary Bail Of Convict For Father's Treatment: 2002 Sabarmati Express Burning Case
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Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially-Abled Children: 'Puja Committee Thinks They Are Bigger Than God'
The Calcutta High Court in the case Prajna Paromita Sen And Anr. Versus State Of West Bengal And Ors observed that the use of loudspeakers and blocking of roads outside a specially-abled children's school for celebrating Jadadhatri puja, showed that the 'puja committee thinks they are bigger than the deity itself.
Punjab And Haryana High Court Referred Matter To CJ, Recommends Training: 'Pained And Shocked' Over Trial Judge Who Held Witness Guilty For Taking Contradictory Stand
The Punjab and Haryana High Court in the case Devender @ Sachin versus State Of Haryana observed and has expressed shock over the conduct of a judge who held the witness guilty for giving false statement because he took a contradictory stand before the police and the Court.
