Keeping up its strong run, the index on Friday hit a new lifetime high of 27294.10, surpassing its previous high earlier in the week.
A look at the the price-earnings ratio suggests that valuations have softened. According to the one-year forward blended price/earnings (weighted average of current and next fiscal year's estimate, based on the number of days left in the present year), valuations had peaked in January, with the average midcap valuation being 31.27 on January 18.
On June 20, 2022, the average valuation was at its lowest of 20.51. At present, the same stands at 25.11.
This indicates that the present valuation is 460 bps up from the June 20 lowest and 617 bps down from the January 18 highest.
Denne historien er fra June 05, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra June 05, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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