Jindal Stainless (Hissar) has done very well recently. The PE is 4.87, but then most steel makers do not enjoy a high PE. What really draws you to it is its ROE 49.3. The ROCE also is not mean at 45.7.
I don’t belong to the clan of investors who sell immediately once the profit reaches 25%. However, in the case of this company my doubt is: is stainless steel also cyclical.
Need knowledgeable input.
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