We are in a bull market where 19-20x peak will sustain as long as earnings growth continues: Vinod Karki
Equity strategist Vinod Karki of ICICI Securities believes that the market valuation peak will be around 19-20x PE, but as long as earnings growth continues to expand at around 15%, the market will continue to grow. Karki also commented on the agriculture chemicals sector, suggesting that valuations are nearing a peak and growth concerns could cause multiples to peak out.
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