Posts in category All News
Brent crude oil holds above $87 a barrel (04-07-2024)
Shah to visit Mizoram in Aug: CM (04-07-2024)
Amritpal can’t leave Delhi: Parole order (04-07-2024)
Mazagon Dock: aptly called “Ship Builder to the Nation” (04-07-2024)
With Navratna, they would definitely get some freedom in decision making…
However, 16% rise is nothing to do with navratna status. lt came in news 10 days back which I had posted - link below
may be some investors or HNI’s or MF all of a sudden discovered that it trades much cheaper than other two, so may be heavy buying took place.
Nifty PE crosses 24|A statistically informed entry-exit model! (04-07-2024)
Historical P/E Ratio Trends
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December 2019**: Just before the COVID-19 pandemic, the Nifty 50 P/E ratio was at 28.
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May 2019**: The Nifty 50 reached its peak P/E ratio of 29.7.
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Last 10 Years**: Historically, the Nifty 50 has seen peak P/E ratios around 29 and troughs typically around 21-22.
*Current P/E Ratio
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Current P/E Ratio**: As of today, the Nifty 50 P/E ratio is 23.
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Current Nifty 50 Level: The index is trading at 24,380.
Given the current P/E of 23, the Nifty 50 appears to be trading below its historical peak P/E ratios. This suggests that there could be potential for further upward movement in the index, possibly up to around the 30,700 level (24,380 * 1.26), as it approaches historical peak valuations. However, it’s important for investors to consider other factors such as market conditions, economic indicators, and company earnings before making investment decisions.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (04-07-2024)
I have recently started looking at the company after quite a few mentions by my friend. I am making a very generic statement which I told him as well when he said, “I dont understand why stock is a rangebound”.
The way I look at it is, given interests rates have been high for last 1.5 years, SBFC would feel the pinch max. Larger banks would cut into markets of NBFC and SBFCs as the rates are high and they can if they have to take some hit on credit quality. So the good parameter would be how fast UGRO lending book is growing specially in last 1-1.5 years.
Happy to stand corrected if I am missing any major point.