Neutral impactEconomy
'Cheaper Does Not Mean Cheap': India Still Trades At Premium, Says Dheeraj Gaur
NDTV Profit 2 hrs ago·25 Sept 2026, 12:00 pm
Economy NDTV Profit
Dheeraj Gaur, a prominent market analyst, has cautioned investors that India's equity market remains expensive despite recent corrections. He argues that while stock prices have come down, they still trade at a significant premium compared to global peers. This disconnect suggests that valuations have not yet reached levels that would make the market truly 'cheap' for long-term investors.
This perspective is crucial for retail investors as it highlights the risk of buying into a market simply because prices have fallen. A premium valuation implies that stocks are priced for strong future growth, which may not materialize. Investors should therefore focus on company fundamentals rather than just the current price level to ensure they are not overpaying for potential returns.
Moving forward, investors should watch for signs of a sustained correction in global markets and domestic earnings growth. If global headwinds persist or earnings disappoint, the premium valuation could compress further. Keeping a close eye on macroeconomic indicators and corporate results will be key to navigating this phase.
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
