Valuation Deep Dive: Are Indian Equities Priced Beyond Perfection?

Indian markets find themselves unmoved from the centre-stage of an age-old debate: are the country's equities priced to perfection or beyond comfort?A growing number of India-listed stocks are trading closer to their three-year average valuation multiples, moderating from levels that suggested a build-up of froth over the last year.The most common metric used to ascertain a company's 'fair price' or its 'value' has been the price-to-...