India’s stock market has witnessed a sharp recovery, with the Nifty gaining 1,769 points (8%) from its March 4 low of 22,082.65 to 23,851.65 as of April 17, 2025. The Sensex, too, rose 5,563 points (7.6%) during the same period, reaching 78,553.20. Despite this rally, market valuations have become increasingly stretched, sparking investor concerns. India’s …