THERE IS TOO WIDE DIFFERENCE OF P/E OF (ANY) EQUITY M.F. SCHEME BY ‘VALUERESEARCHONLINE.COM’ AND P/E FORWARD OF THE SAME BY ‘MORNINGSTAR.CO.IN’ . FOR EXAMPLE , FOR HDFC TOP 200, IT IS 22.90 BY ‘VALUERESEARCHONLINE.COM’ , WHEREAS IT IS 16.87 BY ‘M0RNINGSTAR.CO.IN’.AS I UNDERSTOOD, THAT IS BECAUSE FORMER IS ON TRAILING YEAR EARNING AND LATTER IS ON FORWARD YEAR EARNING ESTIMATED BY THE ANALYST.BUT ON THOSE FIGURES , THE EARNING EXPECTATION BY THE ANALYST IS 22.9/16.87, I.E. 36%. IS IT REALISTIC? AND IF IT IS SO, WILL INDIAN SHARES LOOK CHEAPER BY F.Y. 10-11 RESULTS DECLARED? SHARE YOUR VIEWS ON CURRENT MARKET TAKING P/E RATIO, 200MDA AVERAGES OR ANY OTHER PARAMETERS.
BHARAT SHAH