In theory, when the price-to-earnings (PE) ratio – a popular valuation measure – of a stock or an index is above averages, the stock is considered richly valued and is considered to have limited upsides.
Jefferies says Sebi’s proposed CAS changes will remove uncertainty, but still remains negative on BSE. Here’s why
Jefferies expects Sebi’s proposed CAS changes to reduce expiry-day volatility and uncertainty but remains negative on BSE shares, citing limited options-industry growth, a ceiling in
September 14, 2026