Nifty PE Falls 20% New Formula Mkt Fall
The following is an estimate of India’s key formulaNSE’s move to change the method of calculation and declineIn the market last month. Nifty Earnings (PE)Rate is a popular valuation measure based on 12-month earningsIt fell nearly 20% to 33.5 from 41060 in March. The NSE decided to consider consolidated returns to calculate the PE ratiofrom…