Sebi chief justifies Indian markets’ high multiples

In late Jan, India overtook Hong Kong to emerge as the fourth-largest stock market based on value of shares. There has been some commentary on valuations of Indian stocks being high. A high P/E ratio could signal that a stock’s price is high relative to earnings and is overvalued. Conversely, a low P/E could indicate that the stock price is low relative to earnings. https://ift.tt/Q2lK4qB