Why investors should be wary of India’s lofty equity valuations

Jun 8, 2025 | 16:43 IST

Nowhere else do cement stocks trade at more than 30 times expected earnings. Yet investors keep buying the narrative

Even to seasoned investment professionals, India’s lofty equity valuations are a head-scratcher. How’s a sell-side researcher to explain to a foreign institution that the country’s cement makers are more than twice as expensive as their peers in every other major market?

TOI

TOI

Why investors should be wary of India’s lofty equity valuations

Nowhere else do cement stocks trade at more than 30 times expected earnings. Yet investors keep buying the narrative

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TOI

Why investors should be wary of India’s lofty equity valuations

Nowhere else do cement stocks trade at more than 30 times expected earnings. Yet investors keep buying the narrative

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