Stock market: Valuation froth? 38% BSE200 stock trading above 5-year average multiples
The 10 per cent Nifty rally from the April bottom has plucked out valuation comfort from the market, Emkay Global said on Monday, saying 38 per cent of the BSE200 stocks are now trading above the 5-year long-tern average (LTA) valuations against 12 per cent on April 9, showing some valuation froth in the broader market universe.