Despite corrections, market still appears expensive by 5-10%: Nishit Master
“Our earnings estimates have not changed significantly from what they were three months back. Our Nifty EPS estimates for FY23 have been lowered by less than a percent while our estimates for FY24 and FY25 have slightly gone up. There has been a sectoral shift in terms of which sectors were earlier expected to show far better earnings and which sectors are now expected to show far better earnings.”
