Midcaps blinking red. Itβs time to go back to bluechip stocks
The Nifty Midcap 100 Index has recently hit an unprecedented high of 60,400 driven more by market forces than by robust corporate fundamentals. Currently, the index trades at a Price-to-Earnings (P/E) ratio above 44 β the highest level since the post-pandemic surge in midcap stocks. This P/E multiple is significantly above its 5-year and 10-year…
READ MORE