Chris Wood finds Nifty valuation challenging. Is it really so?
NEW DELHI: Citing Nifty‘s PE ratio, which is trading above its long-term average, Jefferies’ global head of equity strategy Christopher Wood had last week described Dalal Street’s valuation as “undoubtedly challenging”. To find out how expensive are index-level valuations now, let’s look at 3 key parameters:1) Buffett IndicatorIn terms of the market capitalization-to-GDP ratio, which … Read more
