Archive · 17 Dec 2025
Siddharth Bhaiya Warns of Overvalued Indian Markets
Siddhartha Bhaiya, a market expert, says India's stock market is very expensive right now.
He thinks the Nifty, a big stock market index, is too high in price, especially when you don't count a few big companies like State Bank of India.
He also worries that smaller companies are priced too high, which might not be good for regular investors.
Bhaiya believes that promoters, who are the owners of these companies, are selling their shares to make money, which could be bad for the average person investing.
He also talks about how many companies in the past promised growth but didn't do well, leading to problems with how they were run.
Overall, he thinks the market isn't healthy and investors should be careful.
Siddhartha Bhaiya warns that the Indian stock market is overvalued, especially the Nifty index.
Excluding major stocks like State Bank of India, the Nifty's PE ratio rises to over 40.
Small and midcap stocks have PE multiples exceeding 50, which Bhaiya finds concerning.
Bhaiya believes promoters are taking advantage of high valuations to offload their stakes.
He raises concerns about corporate governance issues, citing past IPOs that failed to deliver.
- Who
- Siddhartha Bhaiya, Managing Director & Chief Investment Officer of Aequitas Investment Consultancy
- What
- Warning about overvalued Indian markets and corporate governance issues
- When
- During a conversation with Moneycontrol.com
- Where
- India
- Why
- Concerns about high valuations, promoter offloading, and corporate governance issues
- Person
- Siddhartha Bhaiya
- Role
- Managing Director & Chief Investment Officer, Aequitas Investment Consultancy
- Market Index
- Nifty
- Current PE
- 20x
- PE without major stocks
- 40x
- Small/Midcap PE
- 50x
- Concern
- Promoter offloading and corporate governance