Credit demand, asset quality power lenders to record valuations
Credit demand, asset quality power lenders to record valuations
Synopsis
An analysis by ETIG reveals that 62 out of the 73 banking and finance stocks in the BSE 500 and 31 out of 35 sector stocks in the BSE 200 now trade above their five-year average price-book (P/B) multiples on a trailing basis. The trend was similar when the current valuations were compared with the three-year average multiples.
3 mins read, Last Updated: Apr 16, 2024, 05:30:00 AM IST
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