What is Nifty@MRP?
As research analysts, we constantly track the Nifty movements. To make investing more profitable and not a game of mere chance, we need a solution, a solution that could help us identify whether the market is grossly depressed or irrationally exuberant. This is exactly what Nifty @ MRP is for!
What is the latest value of Nifty@MRP? Or What is Nifty’s fair value?
For Q1 2022, considering the free-float market capitalization and the MRP of individual stocks as of Sep 6, 2021, the Nifty@MRP is at 13129. On the day of writing 6/09/2021, the Nifty closing index value is 17369, which implies 32% overvaluation.
The market rally has been broad, with companies across sectors and market capitalization rising. High-quality companies were expensive before the March 2020 crash and continue to remain expensive even today. However, cyclical stocks remain not too far behind, with stock prices rising multi-fold from March lows.
Where do we go from here?
Investing successfully to reach your goals: