The NIFTY 50 currently sits at 10,704.8 as of today's closing with a P/E ratio of 26.32. The historical P/E average of the DOW Jones for more than 100 years is a P/E of 16.
A P/E of 16 for the NIFTY today would be around 6,510. I predict that the NIFTY would eventually return to levels of 6,500 which would signal a solid entry point for long term investors. I have exited the NIFTY for my personal account and am holding Liquid Bees which yield 6% annually.
A P/E of 16 for the NIFTY today would be around 6,510. I predict that the NIFTY would eventually return to levels of 6,500 which would signal a solid entry point for long term investors. I have exited the NIFTY for my personal account and am holding Liquid Bees which yield 6% annually.
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