In a primary, BSE M-cap tops $5 trillion; excessive valuation a fear
The market capitalisation of firms listed on BSE crossed $5 trillion for the primary time on Tuesday, turning the highlight on valuations. The variety of firms buying and selling at greater than 50 instances 12-month ahead value to earnings multiples has elevated 10x over the previous 10 years and now stands at 104 (see desk). … Read more