Premium Valuations
40 has become the new 20. Median valuations for India's Nifty 500 index have soared to nearly 40 times earnings, a stark contrast to the 14 times seen during the 2002-2007 bull cycle. Back then, median multiples ranged from 20 to 25 times. This significant re-rating has been broad-based, impacting most sectors across the board.
