Manufacturing Firms & #8217; P/E Sinks To 6-Year Low

The price-earning ratio of private sector manufacturing companies has hit a six-year low. A sample of 302 profit making companies from the sector shows that their P/E has tumbled from 17.32 in 1994-95 to 9.92 in 2000-2001.

Market experts say that the fall in the ratio reflects the market