(Source:Bespoke)
Categories
Carnage in the global markets
(Source:Bespoke)
Author: Raoji
Categories
India persevering through global unrest
Categories
Linkfest:June 21,2013
Some stuff that I am reading today morning:
Global markets,bonds,commodities slump (Mint)
Goldman Sachs lists companies which are impacted by falling rupee (MoneyControl)
SEBI to change buyback rules (ET)
Are you financially compatible with your spouse? (Subramoney)
Michael Burry looks to raise money again (Moneybeat)
Really?Did you think QE would last forever (BigPicture)
Markets revert to common sense (Felix)
The three dimensions of trading (TRB)
The great gold crash (DailyReckoning)
Indians are urged to get over their gold bug (Bloomberg)
Because Modi can change the subject (PiyushGoyal)
Jayant Manglik of Religare Securities recently wrote an article where he predicts that Nifty will cross 6600 by Dec this year.In the article, he states “our valuations are reasonable. Nifty price to book is at multi-year lows,”
I thought it would be interesting to see how the Nifty P/B fared over the years:
The current P/B of 3.07 is is certainly higher than the 5 year low hit on 27 Oct, 2008 when it was 2.12.The current P/B is however is slightly lower than the 5 Year average of 3.28 and 5 Year Median of 3.3