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Three In Four Nifty 50 Stocks Trade At A Discount To Historical Valuations
The stock surge after India’s tax bonanza has only reinforced the dichotomy between Nifty 50 and most of its constituents.
30 Sep 2019, 04:57 PM IST
The stock surge after India’s tax bonanza has only reinforced the dichotomy between Nifty 50 and most of its constituents.The one-year forward price-to-earnings multiple of the benchmark spiked as the markets rose the most in a decade. Nifty 50 now trades at a 16 percent premium to its 10-year average, according to Bloomberg data. But nearly three-fourths of the stocks in the index are trading at a discount to the historical valuation.
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