Tata Motors, Zomato & HDFC Bank, each gets different P/E, there is logic to it. Learn why it happens before you buy them or any other stock

Valuation, or price-to-earnings (PE) multiple as it is commonly called, is a combination of numbers and narratives. While numbers don't change every day, narratives do change often. Post-Budget 2025, the narrative about some sectors has changed. Should they be valued more or not is a complex question. But there are nuances that will help you figure out whether you should be gung-ho about a sector which has got relief in the budget. Or not.