Equirus Securities identifies top stocks as valuations ease
after close1 source ↓written by the desknot a recommendation
- to trade between
- 18x-22x PE
Domestic brokerage Equirus Securities notes that Indian equity market valuations have eased, aligning more closely with global averages. The Nifty is projected to trade between 18x-22x PE, reflecting a moderation from post-COVID peaks. Key sectors for investment include Auto, Banks, and Capital Markets as the market adjusts to more reasonable pricing.
Not investment advice. For informational purposes only.