Indian stocks are still trading at expensive valuations even after a recent selloff, Ajay Srivastava says. In remarks reported by NDTV, Srivastava points to high price-to-earnings (PE) ratios in the market, saying investors are seeing PEs of around 70 and 80. He argues that investors should not buy at such levels, stating he “wouldn’t buy a PE of 80 today.” Srivastava also compares these valuations with those of certain global technology companies, saying that some international technology leaders trade at lower valuation multiples than Indian equities. The comments imply that the selloff has not sufficiently reduced market valuations to make them comparable with lower-valued peers. The report presents Srivastava’s view as an assessment of current pricing rather than a formal forecast, and it does not cite specific indices, companies, or the extent of the selloff.
Analyst Ajay Srivastava says Indian stocks stay expensive despite selloff
Indian stocks are still trading at expensive valuations even after a recent selloff, Ajay Srivastava says. In remarks reported by NDTV, Srivastava points to high price-to-earnings (PE) ratios in the m...
- Ajay Srivastava says Indian stock valuations remain high despite a recent selloff.
- He cites market PE ratios around 70 to 80.
- Srivastava says he would not buy a stock at a PE of about 80.
- He notes some global technology leaders trade at lower valuation multiples than Indian stocks.
- The report presents the view as a valuation assessment rather than a detailed forecast.
"We have got PEs of 70, 80. I wouldn't buy a PE of 80 today," he said, noting that even some global technology leaders trade at lower valuations.
2 months ago"We have got PEs of 70, 80. I wouldn't buy a PE of 80 today," he said, noting that even some global technology leaders trade at lower valuations.
2 months ago
Indonesia steps up firefighting as forest and peat fires spread haze across Southeast Asia
Indonesia escalates ground and aerial firefighting operations to tackle major forest and peatland fires, with smoke and...
Residents in sinking mining village told to leave as homes face demolition
Residents in Coalsnaughton, Clackmannanshire, are being told to leave because their homes may be at risk of collapse, an...
King Harald V of Norway dies aged 89
Norway’s King Harald V has died at the age of 89, the Norwegian royal palace announces. Multiple outlets report he dies...