DAILY VOICE | Market at elevated levels, investors need to be cautious and stick to their asset allocation: Sanjay Dongre of UTI AMC

On a trailing 12-month P/B multiple basis, the market is trading at about 3.2 times compared to the last ten averages of 2.6 times. If we go by the history of the last 30 years, such a high valuation has never sustained beyond few quarters, he said

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-market-at-elevated-levels-investors-need-to-be-cautiousstick-to-their-asset-allocation-sanjay-dongreuti-amc_15204901.html