How has the COVID-19 impacted the valuations of the Nifty Mid Cap Index and has it made the segment more attractive post the virus?
Answer
Answer
The table below captures how the valuations of the Nifty Mid Cap Index have moved between Jan 2020 and April 2020 on a daily basis.
Date
P/E
P/B
Div Yield
01-Jan-20
23.5
2.17
1.34
02-Jan-20
23.92
2.21
1.31
03-Jan-20
23.72
2.19
1.33
06-Jan-20
23.14
2.13
1.36
07-Jan-20
23.31
2.15
1.35
08-Jan-20
23.37
2.16
1.35
09-Jan-20
23.77
2.19
1.32
10-Jan-20
23.88
2.2
1.32
13-Jan-20
24.07
2.22
1.31
14-Jan-20
24.26
2.24
1.3
15-Jan-20
24.55
2.26
1.28
16-Jan-20
24.78
2.29
1.27
17-Jan-20
24.87
2.29
1.26
20-Jan-20
24.7
2.27
1.28
21-Jan-20
24.53
2.27
1.27
22-Jan-20
24.44
2.2
1.3
23-Jan-20
25.01
2.22
1.29
24-Jan-20
25.17
2.24
1.28
27-Jan-20
25.04
2.23
1.29
28-Jan-20
24.94
2.19
1.3
29-Jan-20
24.9
2.2
1.29
30-Jan-20
24.93
2.18
1.3
31-Jan-20
24.63
2.15
1.31
01-Feb-20
23.86
2.09
1.35
03-Feb-20
24.46
2.12
1.33
04-Feb-20
24.17
2.15
1.32
05-Feb-20
24.13
2.17
1.3
06-Feb-20
24.34
2.19
1.29
07-Feb-20
24.35
2.2
1.29
10-Feb-20
24.02
2.17
1.3
11-Feb-20
24.54
2.16
1.31
12-Feb-20
24.55
2.16
1.31
13-Feb-20
24.37
2.15
1.31
14-Feb-20
24.65
2.14
1.32
17-Feb-20
24.51
2.12
1.33
18-Feb-20
24.39
2.11
1.34
19-Feb-20
24.78
2.14
1.32
20-Feb-20
24.9
2.15
1.31
24-Feb-20
24.32
2.1
1.34
25-Feb-20
24.29
2.1
1.35
26-Feb-20
23.98
2.07
1.36
27-Feb-20
23.76
2.05
1.38
28-Feb-20
22.83
1.97
1.43
02-Mar-20
22.58
1.95
1.45
03-Mar-20
23.05
1.99
1.42
04-Mar-20
22.74
1.96
1.44
05-Mar-20
22.78
1.97
1.44
06-Mar-20
22.13
1.91
1.48
09-Mar-20
21.01
1.81
1.56
11-Mar-20
20.84
1.8
1.57
12-Mar-20
19.07
1.65
1.71
13-Mar-20
19.81
1.71
1.65
16-Mar-20
18.43
1.59
1.77
17-Mar-20
17.99
1.55
1.82
18-Mar-20
17.03
1.47
1.92
19-Mar-20
16.36
1.41
2
20-Mar-20
17.27
1.49
1.89
23-Mar-20
14.7
1.27
2.23
24-Mar-20
15.06
1.3
2.17
25-Mar-20
15.74
1.36
2.08
26-Mar-20
16.29
1.41
2.01
27-Mar-20
16.23
1.4
2.02
30-Mar-20
15.8
1.36
2.07
31-Mar-20
16.1
1.39
2.03
01-Apr-20
15.66
1.35
2.09
03-Apr-20
15.37
1.33
2.13
07-Apr-20
16.36
1.41
2
08-Apr-20
16.64
1.44
1.97
09-Apr-20
17.31
1.5
1.89
The above show the mid caps also getting relatively cheaper post the pandemic.