- Wealth PMS
For some reason the NSE site shows the Nifty EPS down to 238. This is calculated using Nifty P/E (given as 18.21 today) and Nifty Close (4333). Let me go with this, and I’ll revi
237 is ridiculous. It’s there from 220 same time last year, and with just one company (HCLTECH) to go – and that comprises 0.52% of the index. Even at 241 (as reported yesterday) we aren’t growing much.
This is less than 10% EPS growth for the Nifty.
Too much momentum, and too much inertia. We can’t stay at a P/E of 18 with these growth rates. Time to move over to bonds. Oh, sorry, nobody trades there anymore. Hmm.