According to Motilal Oswal Financial Services’ analysis, around 60% of Nifty constituents are at a premium to their historical averages. At current levels, Wipro is trading at 26.3 times price to earnings (PE) whereas its 15-year PE average stands at 15 times. HCL Tech is currently at 18.4 times PE while its 15-year average PE is 10.6, for Asian Paints current PE is 78 times and its 15-year average PE 45 times. For Tata Steel, current PE is at 4.8 times while 15-year PE is 15.4 times, current PE for Coal India is 5.6 times and 15-year average PE is 12.4 times. “The technology sector is trading at a PE of 26.5 times, a 53% premium to its historical average of 17.3 times.

Source: Mint July 04, 2021 11:15 UTC