HomeNewsBusinessMarketsNifty at 21k – time to buy more or book the gains?

Nifty at 21k – time to buy more or book the gains?

We expect calendar 2024 to be an eventful but volatile year, that should give investors ample opportunity to buy the lows

Madhuchanda Dey

December 11, 2023 / 08:52 IST

Nifty at 21k – time to buy more or book the gains?

Despite the recent rally, the Indian market (NIFTY) at 18.5X one-year forward EPS (earnings per share) is still at a discount to its long-period-average valuation of 19.5X one-year forward earnings, thanks to the strong earnings momentum

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More