Indices on Highway, but All Stocks Not Going Uptown

Ashwini Shami, EVP & senior port-folio manager, OmniScience Capital said that despite being 20-30% off the peaks, the broader market remains overvalued as the stocks that tra-ded at 50 price to earnings (PE) ra-tio a valuation measure during the bull market before September, remain at around 30 times, even af-ter a 30-40% drop in stock prices.