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Firms' average P-E dips below 10

Published December 2, 2008, 9:37 am, Business Standard India

The average price-earnings (P-E) ratio of listed Indian companies has fallen below 10 per cent from 33.49 on January 8 this year when the Bombay Stock Exchange Sensitive Index touched its all-time high. The average P-E is 9.61 now.

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