In the BSE 500 sample, 66% stocks currently trade above their five-year average price-earnings (P/E) multiples and 60% have P/Es that are above the three-year average multiples. A P/E multiple is calculated by dividing the share price of a company by its EPS. When compared with the historical data, the P/E multiple offers insights on relative valuation of the stock.
Reddit stock plunges 30% as Google’s AI search threatens traffic and user growth
Reddit shares plunged 23% after the company warned that Google’s AI powered search features were hurting referral traffic and could lead to a decline in