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Undervalued. As of June 2026 the Nifty IT PE is 18.99, about 30% below its 7-year median of 27.12, the cheapest major Indian sector versus its own history.
Mostly no. As of June 2026, the Nifty 50 PE is 20.37, which is 9.9% below its 7-year median. Only 22 of 124 Indian indices are overvalued.
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