Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
A comparison of the price-to-earnings (P/E) or price-to-book (P/B) multiples of all the Nifty stocks throws up the list of stocks that are being favoured and neglected
Companies where valuations are currently above their historical levels mostly belong to sectors such as financial, FMCG and IT services