Red-Hot Mid-Caps
Ask any fund manager about the current valuation of the equity market and he would probably sum it up in just one line - the Sensex trades at a PE of 19 times while the Nifty at 18 times earnings. The problem is that this is the average PE and totally useless. It is like putting your head in the oven and feet in the fridge and taking the temperature. How about measuring the...
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