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MNC stocks trading at all-time high valuations, time to stay selective

With half the listed MNC stocks trading near their all-time high valuations, experts say it's time for investors to cherry pick from the lot

Topics
Mnc Stocks  |  Valuations  |  Siemens

Hamsini Karthik  |  Mumbai 



bse, sensex, bombay stock exchange

Stocks of multinational (MNCs) such as Hindustan Unilever (HUL), Siemens, ABB, Bata India, Astrazeneca Pharmaceuticals, Bosch, and are trading at near their all-time highs. Valuations, too, have accordingly sky-rocketed and a majority of them – about 30 out of 43 listed in the bourses - are trading at about life-time high . Priced at over 50x trailing earnings, experts say the bets are quite high on the MNC names, especially those in the consumer staples, healthcare and engineering baskets. “ have always been expensive compared to their domestic peers for their branding and intellectual property acquired from their parent companies,” says Pankaj Pandey, head of research at ICICI Direct.

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First Published: Tue, April 23 2019. 18:03 IST

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