“India’s valuations are expensive in the short-term, fair in the medium term and cheap from the long-term perspective. 20 PE for FY23 is expensive, but 17 PE for FY24 is fair and from a longer-term perspective India is cheap since no other emerging market has the potential for growth and corporate earnings that India has,” said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs