Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsNifty 50 valuations reasonable after recent correction: Kotak

    Nifty 50 valuations reasonable after recent correction: Kotak

    Sanjeev Prasad of Kotak Institutional Equities says valuations of the Nifty 50 Index are reasonable at 15.5x FY18 EPS after the recent correction.

    December 19, 2016 / 08:57 IST

    Sanjeev Prasad of Kotak Institutional Equities says valuations of the Nifty 50 Index are reasonable at 15.5x FY18 EPS after the recent correction.

    He also says valuations of 'value' stocks are inexpensive despite their strong performance in CY16.

    He sees their (value stocks) earnings improving due to better fundamentals and lower interest rates and valuations benefiting from lower domestic yields.

    However, valuations of the 'growth' stocks, especially consumption stocks, are still quite rich, Prasad feels.

    first published: Dec 19, 2016 08:57 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347