Sectoral Equity Indices & Market Analysis
25
0.0
0.5
Jun-14
Confidential/Restricted
1.0
1.5
Aug-14-
Oct-14
2.0
Dec-14
2.5
Feb-15-
Apr-15
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Mar-14
Aug-14
Dec-14
Apr-15
Aug-15
Classification - Restricted
Largecap vs Midcap
Valuation gap between large cap and mid cap have now started expanding... high inflationary condition could lead to increase in pressure in mid and small cap companies
leading to reversion in valuation gap.....
1.3
1.3
Jun-15
Aug-15
Oct-15
Dec-15-
Feb-16
Jan-16
1.4
May-16
Sep-16
Valuation differential between Large Cap and Midcap Indices
Trailing P/E S&P BSE Midcap
1.9
Jul-18
Valuation Premium of Midcap over Sensex
Apr-16
Jun-16
Aug-16-
Oct-16
Dec-16
Feb-17-
Apr-17
Jun-17
Aug-17
Oct-17-
Dec-17
Feb-18
Apr-18
Jun-18
Aug-18-
Oct-18
Dec-18
Feb-19-
Trailing P/E S&P BSE Sensex
1.4
1.1
Apr-19
Jun-19-
Aug-19
Oct-19
Dec-19
Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Dec-20
Feb-21
Apr-21-
2.0
0.9
HDFC BANK RESEARCH
Classification - Restricted
HDFC BANK
We understand your world
1.1
0.9
Jun-21-
Aug-21
Oct-21
Dec-21-
Feb-22-
Apr-22-
Jun-22-
Aug-22-
Oct-22
Source: Capitaline
0.9 0.9
Source: Capitaline
1.1.1View entire presentation