It is tough to predict price movements. Chart patterns simply show the current direction which can be changed by a fundamental news.
Folks find Nykaa expensive looking at PE. Let’s put that into perspective:
One year fwd Cmp/Sales is 9.5 (how? currently it’s 13.38 plugging in 40% growth is sales gives 9.5) this is lower than Hindustan Unilever’s
I don’t know if I should be comparing the two, cuz one is growing at 10% and other at 30-40%… But they do seem like cousins
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