 "coronavirus, market, stocks, valuation")
The Indian stock market has plunged 34 per cent from its record high. As a result, the price-to-earnings (P/E) ratio for the Nifty50 index has declined to 12.3 from 18 at the start of the year. The Nifty’s valuation is still slightly above the 2008-09 global financial crisis trough level, when it had fallen to 11.
However, a record 50 per cent of the Nifty stocks are currently trading at a single-digit P/E ratio. So, is this a good time for bargain hunting? Experts say such low valuations are a signal that the market is pricing in huge disappointment in
