High P/E stocks in the Nifty500 signal growth optimism or possible overvaluation, as investors pay a premium for expected strong performance and future potential.
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture’s shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT