High valuation no barrier to price gains in this rally

Some of the large-cap stocks with higher valuations too have managed to outperform. Bajaj Finserv, DLF, ICICI Prudential Life, Godrej Consumer, Sun Pharma, Avenue Supermarts, Larsen & Toubro, Divis Lab, and SBI Life, among others, whose PE and price to book (PB) value ratios are higher than average, have outperformed the benchmark.

via Economictimes

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