The all-time Meanwhile, the Information Technology (IT) and pharmaceutical sectors lagged, dropping by 2-3 per cent. The report highlighted that nifty has surged by 17 per cent year-to-date (YTD), while about 60 per cent of BSE200 stocks are trading at 52-week highs.
However, this figure remains below previous peaks, where 75-90 per cent of stocks reached their yearly highs. Interestingly, 40 per cent of MSCI India stocks have underperformed the index this year, suggesting pockets of laggards even amidst a market rally.
The valuation of MSCI India has soared to a peak of 24.6x next twelve months (NTM) price-toearnings (P/E), standing 2.4 standard deviations (sd) above the 10-year average.
Bu hikaye The Business Guardian dergisinin September 23, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin September 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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