I am not worried if the Pe is in 50-150 range if the companies growth is better than its peers. For example, Olectra Greentech is trading at a very expensive valuation but there is a reason for this premium. Their quarterly delivery of electric buses has been factored in. So yes, if the earnings growth is strong, I don’t mind paying a premium price for a stock.
And why just Olectra Greentech or Tata Elexi, look at D-mart valuations, it’s PE has never been below 100, yet it’s a Multibagger stock at 120 PE.
I hope this helps.
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