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Exercise Caution When Investing In Stocks With High P/E

Sectors like e-commerce, small finance, housing finance, and healthcare are in great favour, and people are paying a PEG ratio of up to 5, which is dangerous. Wealth destruction is inevitable.

From 41 to 104: High-valued stock universe up 2.5x in a single year

The universe of stocks trading at a 12-month forward price-to-earnings (P/E) multiple of 50x or more has swelled by 2.5x to 104, indicating the growing froth in the market. In March 2023, the number of stocks with a P/E of 50x and 100x stood at 41 and 3, respectively, which has now grown to 104 and 9, according to an analysis by Kotak Institutional Equities (KIE).

Is This A Good Time To Buy Stocks?

Investors need to be stock specific and should not rush to buy stocks at the current levels.

Hajipur Bihar Lok Sabha Elections 2024: Voting date, results, candidates, main parties, and schedule

Short Call: This correction is no correction, HUDCO, Zomato, JSPL, UPL in focus