When you pay peanuts, you get monkeys, they say. But if you pay well, you could actually get quality. Quality stocks in general have managed to relatively hold steady in a market that was being eaten alive by a deadly virus. While some may believe that quality is a bubble, at least this time, the bubble has not
the highest P/E. But even if you are paying high P/E for high quality, it is not exactly a bad deal. Take for example Yes Bank. Investors who bought it thinking it is a value stock are in trouble. They would have been happier had they paid higher valuations for quality. ( Graphics by Mohammad Arshad)
When you pay peanuts, you get monkeys, they say. But if you pay well, you could actually get quality. Quality stocks in general have managed to relatively hold steady in a market that was being eaten alive by a deadly virus. While some may believe that quality is a bubble, at least this time, the bubble has not
the highest P/E. But even if you are paying high P/E for high quality, it is not exactly a bad deal. Take for example Yes Bank. Investors who bought it thinking it is a value stock are in trouble. They would have been happier had they paid higher valuations for quality. ( Graphics by Mohammad Arshad)
