{"id":151549,"date":"2026-07-15T09:48:54","date_gmt":"2026-07-15T04:18:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=151549"},"modified":"2026-07-15T09:48:56","modified_gmt":"2026-07-15T04:18:56","slug":"indian-stock-market-valuation-daily-voice-15-july-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/indian-stock-market-valuation-daily-voice-15-july-2026\/","title":{"rendered":"Indian Stock Market Valuation Stays Expensive Even After Adjusting for Growth, Warns Spark’s CIO on AI Trade Correction Risk"},"content":{"rendered":"
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Spark Asia Impact Managers CIO P Krishnan flags India as one of the pricier markets on a growth adjusted basis. Warns global AI trade is primed for a deep correction. 15 July 2026.<\/em><\/p>\n

The Indian stock market valuation continues to draw scrutiny from money managers, with P Krishnan, Chief Investment Officer at Spark Asia Impact Managers, arguing that domestic equities remain among the more expensive markets globally even once earnings growth is factored in. His remarks add to a growing chorus of voices questioning whether Indian stocks have fully priced in the cyclical nature of corporate earnings over the past several quarters.<\/p>\n

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Krishnan’s central argument is that the market has consistently underplayed the cyclicality of Indian corporate earnings. He points out that nearly every quarter has produced a fresh justification for a growth miss, whether it was import tariffs, elevated crude oil prices, or wider geopolitical tension, and cautions that a weak monsoon could be the next excuse in line if kharif sowing trends do not improve. This pattern, in his view, has let the market avoid a proper repricing of growth assumptions even as actual delivery has repeatedly disappointed.<\/p>\n

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