ECONOMY

India Valuations Handbook – Nifty Closes At Record High In August; Outperforms Global Markets: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

The Nifty exceeded the 17,000 mark in August 2021 to reach a record high, after remaining muted over the last two months.

It ended 8.7% higher month-on-month in August to close at 17,132.

The rally was driven by positive Asian cues, strong inflows by foreign institutional investors/domestic institutional investors, and a good end to the Q1 FY22 corporate earnings season.

The Nifty Midcap 100 (up 2.2%, month-on-month) and Nifty Smallcap 100 (down 2.5%, month-on-month) underperformed the markets in August.

In the last 12 months, midcaps have risen 70% versus a 50% rise for the Nifty.

In price/earnings terms, the Nifty Midcap 100 is now trading at a 9% discount to the Nifty.

Click on the attachment to read the full report:

Motilal Oswal India Valuations Handbook.pdf

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