Hiteshbhai,
Global MNCs like siemens (CMP / 52 WH - 2845/2875), Cummins (1250/1289), Schaeffler (2998/3089) and others like ABB, Honeywell A, SKF are trading near 52 weeks’ high. Their PE got expanded by 50-80%; e.g. siemens 3 yrs PE 49 vs current PE of 83.
https://www.youtube.com/embed/Cl13TYdfiRw
This is the link to a recent interview with Ridham Desai, he articulates something interesting about manufacturing / MNC (first 2 mins to 4 mins).
Looking for your views on global MNC. The big dilemma is that most stocks have risen well ahead…Is this opportunity or a trap? What’s the best way to participate in such a situation? Thanks
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