Stock Market in August: Indian equities continue its gaining momentum; Nifty may grow by 10% in FY23 – Details
Nifty50 index is trading at a PE of 21.9x FY23E and 19.1x on FY24E. India’s economic and earnings recovery coupled by capital expenditure cycle, (including PLI scheme) is expected to keep Indian markets attractive over the long term.
The midcap and the smallcap indices outperformed the large indices like Sensex and Nifty50 in August: