Comparing the Forward P/E Ratio of China and India
Chinese equities have outperformed India and other emerging market so far this year.The Shanghai Composite is up by about 33% year-to-date while Sensex is basically flat in dollar terms. Yesterday the Sensex fell 2.64% in the local market. Based on the forward P/E ratio Indian stocks are expensive as they are trading above the 10-year average compared to …
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