My question is basic. Hope its relevant question.
I understand basic fundamental and feel that PE is a good indicator of stock valuation. but few stocks under my radar are always having high n very high PE. example: Nestle, pidilite, titan etc.
I am tracking it for may months and looks like its always high.
so what am I missing? how can I enter the stock if its always high? or, is it normal to stay high, because these are good stock, so investor always buy them at high premium?
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