For the size of UltraTech, the balance sheet and the presence it has in the cement looks like a small investment of about Rs 1,800 crore. So, I do not think for UltraTech, it is going to move the needle too much.
Valuations still hot as 60% NSE500 stocks trade above 5-year PE levels. What should investor strategy be?
Despite a five-month market downturn, 60% of NSE500 stocks are still trading above their 5-year PE levels, suggesting overvaluation. Analysts advise focusing on quality stocks