Sensex's price to earnings multiple lowest in 12 months

The latest fall in the market has also led to a sharp decline in the valuation of shares. The price-to-earnings (PE) multiple of the benchmark Sensex today declined to 22.9 times, the lowest in the last 12 months and about 10 per cent less than the highest multiple of 25.2 times in March this year. Current index(…)

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