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India remains highly valued despite earnings worries
Financial Express Mumbai
|April 21, 2025
India, An Expensive Bet
THE RECENT RECOVERY in stocks has meant India remains among the most expensive in its peer group at a time when there are serious concerns on economic growth and corporate earnings. In a stunning rally, the benchmark Nifty gained 1,769 points (or 8%) from its recent lows of 22,082.65 (on March 4) to close at 23,851.65 on Thursday.
The Sensex has rallied 5,563 points (or 7.6%) from 72,989.93 to 78,553.20 in the same period. As a result, the Nifty now trades at a multiple of a little over 20 times one-year forward estimated earnings, according to Bloomberg data. This is much more expensive than, for instance, the Korean Kospi which trades at a multiple of just under 9X.
The Chinese market trades at a shade under 15X while Taiwan trades at 13.8X.
This story is from the April 21, 2025 edition of Financial Express Mumbai.
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