Mumbai, Sept. 30 -- Two years after Indian equities scaled a peak, with the BSE Sensex hitting its all-time high in September 2024, investors now have more stocks to choose from at lower valuations. Finding value, however, still requires looking beyond the price tag. The sharpest retreat from the most extreme valuations-above 80 times earnings-has been in largecaps. Smallcaps, meanwhile, have undergone a broader reset across the expensive valuation bands. Midcaps remain the most concentrated at the higher end, with expectations of stronger growth helping to sustain their premiums. A Mint analysis of 3,756 BSE-listed companies based on ACE Equity data as of 25 September captures this shift. The share of stocks trading above the price-to-earn...