Nifty 50 gives zero returns in one year! Is the Indian stock market still overvalued?

The Nifty 50 has delivered negligible returns over the past year, which has expressed concern about protracted valuations in the Indian stock market. Currently, the index is trading at a price-to-earnings (P/E) ratio of about 22-23 times, especially above the long-term average, while the price-to-book ratio hangs nearly 3.4 times and the dividend yield remains about 1.3%modest. (This is a developing story) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.