The PE ratio is calculated by dividing the price of a stock or an index by the earnings per share , or EPS, (net profit divided by the number of common shares outstanding). For example, if a stock is trading at ₹50 and its earnings per share is ₹10, then the PE ratio is 50/10=5.
Shares of NBFCs, like Piramal Enterprises, Indiabulls Housing Finance, and Edelweiss Financial Services, fell 5-10% on Wednesday. The Nifty Bank index declined 0.9%
Kotak Mahindra Mutual Fund announced the launch of the Kotak Healthcare Fund. The scheme opened for public subscription on November 20, 2023, and will close on December 04, 2023.
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