Economic TimesLean R·
ETMarkets Smart Talk | Don't judge India by Nifty's 21x PE; stock-level valuations still offer opportunities: Emkay Investment Managers: Kashyap Javeri
India may be trading at a valuation premium to most emerging markets, with the Nifty 100 currently valued at around 21 times earnings compared with 14-17 times for several other EMs. But headline price-to-earnings multiples alone may not tell the complete story.Kashyap Javeri, Head of Research and Fund Manager at Emkay Investment Managers Limited, argues that comparing markets purely on index-level valuations can be misleading, particularly when indices across emerging markets have vastly diffe…
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