High price - earnings ratio of Indian stock market and investment by foreign financial institutions

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DC Field	Value	Language
dc.contributor.author	Sinha, Sidharth
dc.date.accessioned	2010-07-14T05:24:27Z
dc.date.available	2010-07-14T05:24:27Z
dc.date.copyright	1994
dc.date.issued	1994-07-14T05:24:27Z
dc.identifier.uri	http://hdl.handle.net/11718/5164
dc.description	Economic and Political Weekly, Vol. 29, Issue No. 22, 28 May, 1994	en
dc.description.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
dc.language.iso	en	en
dc.subject	Indian Stock Market	en
dc.title	High price - earnings ratio of Indian stock market and investment by foreign financial institutions	en
dc.type	Article	en
Appears in Collections:	Journal Articles

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