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http://hdl.handle.net/11718/5164| Title: | High price - earnings ratio of Indian stock market and investment by foreign financial institutions |
| Authors: | Sinha, Sidharth |
| Keywords: | Indian Stock Market |
| Issue Date: | 14-Jul-1994 |
| Abstract: | This paper explores the high level of the price-earnings (P/E) ratio of the Indian stock market in the context of investments by foreign financial institutions. The measured P/E ratio may be high because of abnormally low earnings during 1991-92 and the high P/E ratios of foreign controlled enterprises. Even after adjusting for these two factors the P/E ratios is likely to be high relative to historical levels and relative to P/E ratios of other emerging markets. However, given its excellent diversification potential the Indian stock market may be attractive to foreign investors in spite of its high P/E ratio |
| Description: | Economic and Political Weekly, Vol. 29, Issue No. 22, 28 May, 1994 |
| URI: | http://hdl.handle.net/11718/5164 |
| Appears in Collections: | Journal Articles |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| high_price_earnings_ratio_of_indian_stock_market_and_investment_by_foreign_financial_institutions.pdf Restricted Access | 1.17 MB | Adobe PDF | View/Open Request a copy |
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