Positive impactCorporate Action
Nifty valuations near post-Covid lows. Alchemy Capital’s Alok Agarwal explains what investors should buy now
Economic Times 1 hr ago·2 Oct 2026, 3:38 am
Nifty's valuation metrics have fallen back to levels seen after the Covid‑19 pandemic, after a sharp reset from the highs of 2024. This means the overall price‑to‑earnings multiples for the index are lower than they were earlier this year, making the market appear cheaper on a relative basis.
A lower valuation can broaden the set of stocks that look attractive. Analysts point to mid‑ and small‑cap companies, especially those involved in AI infrastructure, healthcare, manufacturing and certain defence firms, as having room to benefit from a potential expansion beyond the large‑cap dominated rally.
Investors should keep an eye on external factors that could influence the next move, such as changes in global bond yields and the flow of foreign portfolio investment into India. Shifts in those drivers could affect sentiment and the pace at which capital rotates into the highlighted sectors.
Key takeaways
- Category: Corporate Action.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
