Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/5164
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dc.contributor.authorSinha, Sidharth
dc.date.accessioned2010-07-14T05:24:27Z
dc.date.available2010-07-14T05:24:27Z
dc.date.copyright1994
dc.date.issued1994-07-14T05:24:27Z
dc.identifier.urihttp://hdl.handle.net/11718/5164
dc.descriptionEconomic and Political Weekly, Vol. 29, Issue No. 22, 28 May, 1994en
dc.description.abstractThis 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.isoenen
dc.subjectIndian Stock Marketen
dc.titleHigh price - earnings ratio of Indian stock market and investment by foreign financial institutionsen
dc.typeArticleen
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