High valuation of Indian stocks justified because of strong fundamental of Indian companies : Report

New Delhi [India], October 10 (ANI): The high valuation of the Indian equity market is justified because of the strong fundamentals of the Indian companies as compared to other emerging markets globally, highlighted a report by Allianz Global Investors.

It also noted strong corporate earnings and cash flows are expected to continue, providing long-term support for higher valuations.

"While India equity valuations are high